X
<

Is Facebook Moving in the Right Direction? Are Snap and Twitter?

PART:
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Part 12
Is Facebook Moving in the Right Direction? Are Snap and Twitter? PART 12 OF 20

Is Facebook Walking into a Minefield in Europe?

Obscene images of children

Facebook (FB) is set to appear before a powerful group of UK (EWU) lawmakers to answer questions ranging from fake news to the publication of obscene images of children on its social network. The issue of the obscene images was added later to the hearing, which was initially scheduled to only discuss the problem of fake news.

Is Facebook Walking into a Minefield in Europe?

Interested in FB? Don't miss the next report.

Receive e-mail alerts for new research on FB

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

Facebook slammed for slow cleanup

Facebook has recently been slammed for its failure to take down images that violate its own policies. A BBC (British Broadcasting Company) investigation uncovered closed groups on Facebook that are engaged in sharing explicit images of children. The news organization identified 100 images that it deemed illegal to post on the social network and informed Facebook about them. But Facebook only removed 18 of the 100 images and left the rest on the site. Only later did Facebook take down all the controversial images, and lawmakers want to know why.

Facebook generated ~$2.0 billion in revenue in Europe (EFA) in 4Q16. The above graph shows the company’s European revenue trend for the last five quarters.

A tightening business environment in Europe

The BBC investigation could complicate Facebook’s meeting with UK lawmakers and its business in Europe. Facebook, Alphabet’s (GOOGL) Google, and their US (SPY) peers are struggling with tightening consumer privacy laws that could expose them to fines and limit their ability to serve targeted ads to their European audiences.

Facebook has begun to diversify its revenue streams by expanding into fields such as digital payments and hardware and software sales. But online advertising is still its bread and butter.

X

Please select a profession that best describes you: