Facebook's Strong Ad Revenue Growth To Continue!!
let's go for it in next few weeks show up trend??
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ARTICLE Facebook already has around half of its roughly 23,000 employees allocated to “safety and security,†and the company plans to aggressively grow this number — a move that comes amid growing criticism over Russia-linked influence on ads on the social network. “We already have about 10,000 people working on safety and security, and we’re planning to double that to 20,000 in the next year,†said Mark Zuckerberg, Facebook CEO on the company’s earnings call on Wednesday. This means by the end of 2018, potentially 60% of Facebook’s workforce will be allocated to “safety and security,†which covers ad review, information and data security, violent video screening, anti-hacking and more, according to a Facebook spokesperson. Hiring 10,000 people is a significant investment and is a sign that public and political pressure has led Facebook to take the great power of its platform seriously. But is it enough? To properly answer that question, think about what it means for Facebook to be hacked, and what the stakes are. With Facebook, everything is unique. Instead of normal hacking — think, unlocking a safe with a stethoscope. “Facebook is trying to solve, or at least mitigate, social engineering. By itself that’s a difficult problem,†said Alex McGeorge, head of threat intelligence at Immunity Inc., a security consulting firm. “Now they’re trying to do it at this grand scale no one has ever done before.â€
I like it too; crazy how they beat estimates and now kind of floundering around 180 a share...a long term call might be perfect tho?