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He cited currency fluctuations and a shift in usage to features where Facebook shows less advertising or charges less due to lower demand. The General Data Protection Regulation (GDPR) in the European Union also will cause a revenue drop. The new privacy law forced several changes to Facebook’s privacy terms and sign-up process, leading a minority of users to opt for non-personalized ads, which tend to generate less revenue. “They’re talking about currency headwinds, but more we think it’s due to slower user growth given GDPR and more focus on privacy,” Morningstar analyst Ali Mogharabi said.
Facebook’s daily active users in Europe declined by 3 million amid the new regulation, Worldwide daily user growth for Facebook’s namesake service slid for its sixth straight quarter, tourbillon white gold diamond cufflinks bringing it to nearly 1.5 billion users in the second quarter, The company said for the first time that more than 2.5 billion users interact with at least one of its apps each month, but analysts have said many of them are spending more time with Messenger, WhatsApp and Instagram, Commercialization of those apps is nascent..
Revenue from emerging markets has not picked up the slack either. Sales from United States, Canada and Europe fell $75 million in the second quarter compared with a year ago, while revenue from other markets rose $51 million. Gene Munster, a venture capitalist at Loup Ventures, said in an email that Facebook is “entering a new period” where declining user growth will translate to slower revenue growth. He added that Facebook has “a track record of resetting revenue growth and expense expectations only to turn around and exceed those expectations the following quarter.”.
Facebook reported $5.1 billion in profit, or $1.74 per share, compared with the average estimates of $5.1 billion and $1.72 per share among research gathered by Thomson Reuters, The threat of additional privacy regulatory setbacks remains a concern, according to analysts, Facebook suffered a blow in China on Wednesday when regulators there withdrew their approval of a company innovation hub to support local startups, the New York Times reported on Wednesday, citing a person familiar with tourbillon white gold diamond cufflinks the matter..
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose from a more than 48-1/2-year low last week, but continued to point to a tightening labor market. Initial claims for state unemployment benefits increased 9,000 to a seasonally adjusted 217,000 for the week ended July 21, the Labor Department said on Thursday. Claims dropped to 208,000 during the week ended July 14, which was the lowest reading since December 1969. Economists polled by Reuters had forecast claims rising to 215,000 in the latest week. Claims data tends to be volatile around this time of the year when motor vehicle manufacturers shut assembly lines for annual retooling.
The Labor Department said only claims for Maine were estimated last week, The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 2,750 to 218,000 last week, the lowest reading since mid-May, The labor market is viewed as being near or at full employment, Employment gains averaged 215,000 jobs per month in the first half of this year, The claims report also showed the number of people receiving benefits after an initial week of aid dropped 8,000 to 1.75 million in the week tourbillon white gold diamond cufflinks ended July 14, The four-week moving average of the so-called continuing claims rose 9,500 to 1.75 million..
BERLIN/CHICAGO (Reuters) - People with hay fever hate dust. That was the premise of a marketing drive launched by British vacuum cleaner maker Dyson with U.S. retailer Target Corp. Using data about its customers’ shopping habits, Target homed in on shoppers who likely had allergies and showed them ads for Dyson’s cordless V6 vacuum on social media and Target’s website. The result: sales for the vacuums doubled among shoppers who regularly purchase anti-allergy treatments and products such as Claritin or humidifiers on Target.com and in stores.
Data about real people and real behaviors “actually get a much stronger result because the fidelity of that data is so much richer,” said Kristi Argyilan, Target’s senior vice president of media and tourbillon white gold diamond cufflinks guest engagement, Retailers ranging from Target and Walmart Inc to grocers such as Tesco Plc are working aggressively to attract big advertisers to their websites in a bid to drive sales, according to interviews with retailers, packaged goods makers, consumer data firms and marketing consultants..