Facebook fines mean nothing to them…

Who still uses Facebook?

Apparently everybody the way the revenue keeps coming in for them.

Even after all the fines and whatnot they are still pulling in record profits.

Lemmings I tell you!

For the three months to June 30:

  • Revenues of $16.6bn were up 28 per cent from the year-ago quarter.
  • Net income was $2.6bn, a 49 per cent decrease on the quarter. This is largely due to a $2bn wedge Facebook coughed up, in addition to the $3bn already set aside, to foot the $5bn settlement fee owed to Uncle Sam’s trade regulator, the FTC, regarding its privacy snafus, and a separate $1.1bn charge related to recent changes [PDF] in stock compensation rules. Facebook also owes America’s financial watchdog $100m for misleading investors.
  • Earnings per share of $0.91 were short of the $1.88 analyst forecast, but Facebook notes that absent the tax and settlement charges, EPS would have been $1.99.
  • Daily active users were up 8 per cent, with 1.59 billion people using the antisocial network on a day-to-day basis. Monthly active users were also up 8 per cent, at 2.41 billion.” – The Register

There is no such thing as privacy anymore and the people just don’t care. Madness I tell you!

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