![]() On that bus floor, I concluded that in my time of need I could not rely on others to defend me. When they had enough, one of them tore my Kipah from my head and put it on his own head. I saw a bus driver pretending nothing was happening. They kicked me in the ribs while I covered my head.Īs I lay there absorbing the blows I saw a bus full of people sitting in their seats averting their eyes. I fell to the floor of the bus my nose broken and my hair soaked with blood. I felt a blow to the back of my head and another to my face. When the bus stopped all three got up to leave the bus. Three men in the back of the bus started with jokes about me being Jewish. When I was 13 years old I was riding the city bus in Milwaukee, Wisconsin. I prefer not to tell it, but I need you to know that anti-Semitic words cause real people to be hurt. I told her, first, I have to tell you a story. At Facebook's office in Washington, D.C., on Wednesday, a group of critics set up an installation of body bags to protest the issue.Last night, my daughter asked me about Kanye West. The company, which has long been under fire from lawmakers over misinformation and other abuses on its apps, has also come under renewed scrutiny from President Joe Biden's administration over the handling of false claims about COVID-19. Facebook's market cap hit $1 trillion for the first time last month when the judge threw out the original complaints. 19 to refile its antitrust complaint against the company and from a group of states who said on Wednesday they would appeal the judge's dismissal of their lawsuit. Federal Trade Commission which has until Aug. The company also continues to face pressure from global lawmakers and regulators, including from the U.S. "This is little more than an ambition for Facebook at the moment.if the idea comes to fruition, it could be a valuable income source." "Facebook has its eye on a sci-fi prize," said Sophie Lund-Yates, equity analyst at Hargreaves Lansdown. Microsoft (MSFT.O) also dropped the buzzy Silicon Valley term on its earnings call this week, talking about its own plans for the converging digital and physical worlds. Zuckerberg this week announced that Facebook, which has invested heavily in virtual reality and augmented reality, was setting up a team to work on building a shared digital world, which he is betting will be the successor to the mobile internet. On a conference call with analysts, CEO Mark Zuckerberg also focused on another ambition for the company: the "metaverse." Facebook said this month it would invest more than $1 billion to support content creators through the end of 2022. It is also on the offensive to attract top social media personalities and their fans, competing with Alphabet's YouTube and short-video app TikTok, which recently hit 3 billion global downloads. The push will be key to how Facebook, which hosts more than 1 million online "Shops" on its main app and Instagram, can grow its ad business amid the impact of Apple's changes. The world's largest social network has been ramping up its ecommerce efforts, which are expected to bring additional revenue to the company and make its ad inventory more valuable. Analysts had expected a profit of $3.03 per share. Net income in the second quarter more than doubled to $10.4 billion, or $3.61 per share. "In the third and fourth quarters of 2021, we expect year-over-year total revenue growth rates to decelerate significantly on a sequential basis as we lap periods of increasingly strong growth," Chief Financial Officer Dave Wehner said in the earnings release. It pointed to a 47% increase in price per ad.Ī Facebook panel is seen during the Cannes Lions International Festival of Creativity, in Cannes, France, June 20, 2018. Its revenue from advertising rose 56% to $28.58 billion in the second quarter ended June 30, Facebook said. But importantly, Facebook is the most exposed to Apple's privacy changes, and it looks like it is starting to have an impact to the outlook beginning in 3Q," said Ygal Arounian, an analyst at Wedbush Securities.īrian Wieser, GroupM's global president of business intelligence, said all social media companies would see slower growth in the second half of the year and that it would take more concrete warnings about activity in June and July for anyone to anticipate a "meaningful deceleration."įacebook's total revenue, which primarily consists of ad sales, rose about 56% to $29.08 billion in the second quarter from $18.69 billion a year earlier, beating analysts' estimates, according to IBES data from Refinitiv. "The user growth slowdown is notable and highlights the engagement challenges as the world opens up. Monthly active users came in at 2.90 billion, up 7% from the same period last year but missing analyst expectations of 2.92 billion and marking the slowest growth rate in at least three years, according to IBES data from Refinitiv.
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