Facebook Finds It Harder to Get More People to Log On
It’s still a revenue machine, but the growth in daily users slips.
Photographer: Joel Saget/AFP/Getty Images
Let's get this out of the way: No, Facebook Inc. hasn't felt an immediate financial sting from the latest controversies over how it collects and protects people's information. But that doesn't mean the company is free from danger.
Facebook's first-quarter revenue rose 49 percent, an acceleration of the company's pace of growth from the prior two quarters, the company said Wednesday. And Facebook delivered a 45.5 percent operating profit margin, which was lower than its recent performance but still impressive in light of a significant increase in spending. Growth also accelerated in the average revenue Facebook generates from each user.