Facebook also added 48 million daily users; overall, the company boasts 1.45 billion daily active users-in line with Wall Street estimates and up 13 percent year-over-year-and nearly 2.2 billion monthly active users, beating estimates of 2.19 billion and also up 13 percent year-over-year. Many users said they would delete their accounts, raising fears that the service was facing a major crisis.
Changes to the Facebook news feed to prioritise posts from family and friends were also reflected in the quarter's data - though there was no specific update provided by the company regarding the time users spend on the site. Employee head count was up almost 50 per cent from the same period a year ago, to more than 27,700.
While a poll last month showed that Facebook's favorability plunged 28 points in the five months between October and March, on Wednesday, the company's stock price exploded more than 7 percent in after-hours trading.
The company, 4C, tracks $250 million in actual spending from more than 1,000 brands that use its tools to buy ads.
If users made a decision to restrict their data as much as possible on the platform, Ms Sandberg said it "would affect the product".
Trump talks up trade progress
Among 18 bilateral meetings with his counterparts this week, Mnuchin said he had met with Chinese central bank chief Yi Gang. This will be Mnuchin's first China visit since he was sworn in as US Treasury Secretary in February past year .
CNN's Dana Bash Defends Asking 'Completely Legitimate Question' to Kellyanne Conway
"I would ask you that if you were a man", Bash replied, to which Kellyanne Conway simply said, "No you would not". She continued: "There has been a different standard for me than there have been for other people.
Armenian Opposition Leader Wants to Become PM
Sargsyan's resignation has prompted a flurry of think-pieces wondering whether the Armenian leader's downfall could weaken Putin. The liberal opposition was incensed, accusing Sargsyan of implementing the system change to circumvent the two-term limit.
But Williamson said some of Facebook's momentum was already fading due to other factors such as disinformation, social media fatigue and new platforms attracting young people.
In the fresh notice, government has asked the social media giant to list out security architecture proposed to be created by the company "so that data concerning Indians are not pilfered or manipulated again for extraneous purposes including to influence the elections".
Net income for the first quarter came in at US$4.99 billion, or US$1.69 per share, compared with US$3.06 billion, or US$1.04 per share, a year earlier, Reuters reports. The government has also sought information about the entities working under CA along with the details of their directors.
In another sign public anger directed at Silicon Valley hasn't hurt business, Twitter and Alphabet, Google's parent company, also reported strong financial results this week. A handful of advertisers, including Mozilla, maker of internet browser Firefox, pulled their ads from Facebook.
Stoked by fears that the data may have been used to try and influence elections in the USA and Europe and the discovery that Facebook collects a lot more data than the average person realises (including web browsing history and, in some cases, text messages), some users have started a #DeleteFacebook movement, including the co-founder of the Facebook-owned WhatsApp. Zuckerberg spent two days on Capitol Hill earlier this month getting grilled by lawmakers about Facebook's responsibility.