Facebook revenue disappoints.

Automated Publishing Via Osuta Yusuf Robot Trigger.

Facebook (FB) followed a second-quarter flop with tepid third-quarter results.

The social media giant narrowly missed expectations for global daily active users and revenue while beating on earnings per share.

Facebook delivered earnings of $1.76 per share on revenue of $13.73 billion. This beat consensus estimates of earnings of $1.47 per share but missed the $13.8 billion in revenue foreseen by average analyst expectations.

The Menlo Park, California-based company reported 1.49 billion daily active users globally in the third quarter, missing expectations of 1.5 billion. The company had seen 1.47 billion daily active users for the second quarter, also missing expectations for the period. Facebook added 1 million monthly active users in North America in the third quarter, bringing MAUs in the region to 242 million. North America remains a lucrative market for the company, with average revenue coming out to $27.61 per user in the third quarter, versus $8.82 in Europe and $2.67 per user in Asia.

Facebook’s most recent data on daily active users. (Facebook)

During a call with investors Tuesday, Facebook executives emphasized a focus on building out disappearing story and video features, two areas the company has yet to heavily monetize. “All of the trends that we’ve seen suggest that in the not-too-distant future, people will be sharing more into stories than they will into feeds,” CEO Mark Zuckerberg said. He added that he expects 2019 to be a year of “significant investment” as the company works to shift user activity to these features.

Executive commentary also pointed to photo-sharing app Instagram as a future driver of growth in advertising dollars. Zuckerberg said Instagram’s Explore feature comprises 20% of time spent on Instagram, but hasn’t had any advertising built into it yet. “That’s an opportunity,” Zuckerberg said.

Facebook’s third-quarter results are a mixed bag for the company after its less-than-stellar second-quarter report in July. The company missed on revenue for the first time since 2015 in the second quarter and reported a shrinking user base in North America and Europe, sending shares tumbling and erasing $120 billion in market capitalization. Company executives also said at the time that they expected revenue growth rates to be lower than the year prior for the second half of this year.

CFO David Wehner said Tuesday that Facebook anticipates mid to high single-digit revenue deceleration in the fourth quarter, in line with the company’s previous guidance.

“Although revenue came in slightly lower than Wall Street expectations, it wasn’t a significant shortfall,” eMarketer principal analyst Debra Aho Williamson said of Facebook’s third-quarter results in an email to Yahoo Finance. “Overall, given all the challenges Facebook has faced this year, this is a decent earnings report.”

Between data breach scandals and the specter of regulatory crackdowns, Facebook endured a turbulent third quarter. At the end of September, Facebook announced that it had discovered a breach of 50 million users’ accounts, leading European Union privacy watchdogs to mull a $1.63 billion fine on the company.

Facebook’s third-quarter results come just before next week’s US midterm elections. Facebook has recently boosted its election integrity efforts in the wake of the Cambridge Analytica revelation earlier this year, setting up a "war room" in an effort to combat bad actors and prevent a repeat of the run-up to the 2016 presidential election.

“We are up against sophisticated adversaries who will continue to evolve,” Zuckerberg said Tuesday. “These are not problems that you fix, they’re problems that you manage over time.”

Shares of Facebook wavered in extended trading. The stock is down 17% for the year-to-date as of market close Tuesday.

UGANDA ELECTORAL COMMISSION TO ELIMINATE NATIONAL IDENTIFICATION CARDS (IDs) FOR 2021 GENERAL ELECTIONS.

The elimination of using National IDs (Ndagamuntu) for the 2021 elections should not have come as a surprise. One would be very NAIVE to think that Bobi Wine has not prepared for this in his Business Plan under the RISK section. It is public knowledge that our EC is not independent. It is also public knowledge that Military Dictator Yoweri Museveni will never lose an election. What stunned us this morning is when we noticed that on social media, people were mocking Bobi with his "get your Ndagamuntu". We are on record for saying to all Our readers that the National ID is like Apartheid in South Africa. Students of History would know how those IDs were being used to arrest people, deny them jobs, deny them basic services. Consequently, Bobi was not wrong and will never be wrong on the Ndagamuntu. Except the ones attacking him and mocking him forget that in Uganda, now, no National ID (Ndagamuntu), no service. If you have not been denied registering your child i...

Here is Why Our Utterances For Praying Jesus And God To Come Liberate Ugandans, May Be Misplaced. This Phrase is like inform of a Letter To Some Categorized Section Of Ugandans.

https://m.facebook.com/yusufosuta/photos/a.1896701010557789/2070383359856219/?type=3 OPEN LETTER TO NRM SUPPORTERS - NATIONAL ROBBERS MOVEMENT. .................................................................................. Last week of March, a friend told me to pray for Uganda. I told him that he was an Idiot and we have prayed for too long and we are still hungry and sick and Jesus is not coming soon to liberate us. He then ignored the STUPID and sent me a picture we all now know. It got me totally messed up. This guy was telling me to pray then sends a picture of men bowing down in blood. He might have meant guns but I blocked him because his utterances of praying for Uganda were misplaced. I unblocked him 3 weeks later and asked him about praying and assassinations. His reply "eithrr prayers or guns or both". I hate violence with a passion. So he is now blocked in like FOREVER. Do you feel safe? Do not feel safe. Uganda regim...

CAN I CHANGE MY MIND ABOUT THE INHERITANCE I RECEIVED AND ASK FOR SOMETHING ELSE ?.

#iip_updates . #Information_is_Power . Read more here https://informationispowah.blogspot.com/2023/07/can-i-change-my-mind-about-inheritance.html in the link. #we_inform_the_uninformed . Okello lost his wife 20 years ago and decided to only focus on their Mateo, Yona and Yosefu. 20 years later, Okello had 7 acres of land, a successful poultry business, and sinotrucks for hire. Early this year, Okello got a call telling him that one of his trucks knocked a boda boda. Okello decided to rush to see if he could sort it out before police became involved. Unfortunately, he never made it, as he was entering the main road, another trailer rammed into him and killed him instantly. After Okello had been laid to rest, his sons sat down and divided the property amongst themselves. However, of late, Yosefu the last born has started complaining that he was cheated, and he wants to be given something else because most of the chicken in the chicken business died of a fever. Can ...

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