CEO Mark Zuckerberg used the update to address criticism of Facebook for allowing disinformation and manipulation during the 2016 US presidential election, hours after the company's top lawyer faced a grilling at a Washington congressional hearing. CEO Mark Zuckerberg claimed that focusing on security will definitely have an impact on the company's bottom line, stating that "We're serious about preventing abuse on our platforms".
"I've directed our teams to invest so much in security on top of the other investments we're making that it will significantly impact our profitability going forward", Zuckerberg said, "and I wanted our investors to hear that directly from me". "Protecting our community is more important than maximizing our profits".
"I'm dead serious", Zuckerberg said.
"Sometimes it just takes a trigger event to cause a bunch of people to take their profit and go someplace else, especially if they have decided this is as good as it is going to get at Facebook for a while". Earlier in the day, Facebook's general counsel was raked over the coals by USA senators probing how the Kremlin could effectively push propaganda on social media as it tried to sway the presidential election. Facebook Inc (FB) now boasts of over 2 billion monthly users, an increase from 1.7 billion a year ago.
Confirmed Tottenham starting XI - Pochettino rings the changes
It's lucky it's not a big problem but he's not going to play tomorrow", Pochettino added. "This is the big story for us". Pochettino fielded a much-changed side and rested in-form striker Harry Kane , but defeat undoubtedly came as a shock.
While the 10% figure is relatively small compared to Facebook's massive network of users around the world, it still equates to roughly 207m duplicate accounts - quite apart from its additional 60m "fake" accounts. Zuckerberg outlined investment priorities that included video content, which he described as the biggest trend at Facebook.
As it turns out, contained in Facebook's 2.07 billion users per month (1.4 billion daily active users) are around 207 million duplicate accounts - more users than Snapchat has in total and early two thirds of Twitter's users.
Appearing in front of a Senate judiciary subcommittee, Facebook confirmed reports that ads bought in Russian Federation were delivered to an estimated 126m people during last year's election campaign. "This goes both for sharing, where we've seen Stories in Instagram and Status in WhatsApp grow very quickly, each with more than 300 million daily actives, and also for consuming video content". He said Facebook will double the security team to 20,000 in the next year (Facebook now has 23,165 employees) and introduce a tool that allows users to see a full archive of advertisements run by any political advertiser. "We now discovered, in the last 48 hours, 120,000 Russian-based posts on Instagram", Stretch told the Senate Intelligence Committee hearing.
How much does Mark Zuckerberg care about protecting Facebook users from manipulation by foreign government agents posing as Americans?