Facebook is this week expected to report a rare decline in profits after a string of privacy breaches and fake news scandals.
With its founder and chief executive Mark Zuckerberg under pressure to clean up the social network, analysts predict the company’s net profit will drop to $4.7bn (£3.6bn) in the first quarter, from nearly $5bn a year ago.
It would be the first fall in quarterly profits since mid-2015.
Analysts also forecast that Facebook’s annual profits for 2019 will be just below last year’s $28.7bn (£22.1bn), as it spends on countering fake news and illegal content, and tackling data breaches and privacy concerns.
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Source: Facebook profits likely to fall after fake news and privacy scandals | Technology | The Guardian