Anonymous ID: 854d1b July 27, 2018, 10:55 a.m. No.2312656   🗄️.is đź”—kun

>>2312569

SHANGHAI — For Facebook, success in China was brief. Very brief.

 

For several hours, a Chinese government database showed that Facebook had gained approval to open a subsidiary in the eastern province of Zhejiang. Facebook said it would use the company to set up an innovation hub there.

 

Then the registration disappeared, and references to the subsidiary were partly censored in Chinese media.

 

Now the approval has been withdrawn, according to a person familiar with the matter who declined to be named because the person was not authorized to speak on the record.

 

While the about-face does not definitively end Facebook’s chances of establishing the company, it makes success very unlikely, the person said. The decision to take down the approval, the person added, came after a disagreement between officials in Zhejiang and the national internet regulator, the Cyberspace Administration of China, which was angry that it had not been consulted more closely.

Anonymous ID: 854d1b July 27, 2018, 10:58 a.m. No.2312697   🗄️.is đź”—kun   >>3235

Investors pummeled Twitter Inc.’s stock in Friday trading, sending shares down 19%, as the company reported that user growth had turned negative, even as its quarterly results beat Wall Street expectations on the top and bottom lines.

 

Twitter shares TWTR, -0.03% were down 19% in afternoon trades. Before Friday’s losses, the stock had gained roughly 80% this year, while the S&P 500 index SPX, -0.64% has climbed 6.1%.

 

The social network posted a profit for the third consecutive quarter, with its $134 million in net income equating to 13 cents a share. Adjusted per-share earnings came to 17 cents. The FactSet consensus estimate had been 16 cents.

 

Twitter’s revenue climbed 24% to $710.5 million to beat the FactSet consensus estimate by about $2 million.

 

Even as executives talked about Twitter’s bright future on the earnings calls, investors appeared to be reacting to Twitter’s slowing user growth, as its monthly user count went south, falling by 1 million to 355 million, as compared with the year’s first quarter.

 

The decline was expected after recent reports had the company purging about a million fake accounts a day. At the time, Twitter Chief Financial Officer Ned Segal sought to minimize the issue.

 

https://www.marketwatch.com/story/twitter-shares-slide-16-after-fake-account-purge-new-rules-in-europe-2018-07-27?mod=hp_minor_pos19

Anonymous ID: 854d1b July 27, 2018, 11:01 a.m. No.2312764   🗄️.is đź”—kun

Search domain facebook360.fb.comhttps://facebook360.fb.com

Facebook - Transparency

Facebook - Transparency

Search domain govtrequests.facebook.comhttps://govtrequests.facebook.com

Anonymous ID: 854d1b July 27, 2018, 11:21 a.m. No.2313224   🗄️.is đź”—kun

Why Facebook’s secret data-sharing deal with Huawei has the US concerned

 

https://www.theverge.com/2018/6/8/17435764/facebook-data-sharing-huawei-cybersecurity