Facebook expects to be spanked real hard by the FTC for the Cambridge Analytica scandal

Facebook also announced today that 2.1 billion people use Facebook, WhatsApp, Messenger or Instagram on a daily basis, and 2.7 billion use one of these members of the Facebook family at least once a month. At the end of the three months that included January through March of this year, Facebook had $45.42 billion in the vault. That’s after the company spent $3.96 billion on capital expenditures during the quarter.
For the first quarter of 2019, Facebook had $15.1 billion in revenue. That was up 26% from the $12 billion it raked in during the same quarter a year earlier. Net came to $2.4 billion (or 85 cents a share) against $5 billion earned during the first quarter of 2018. But those results include the $3 billion charge. Without the charge, Facebook would have earned $1.89 per share vs. the $1.69 it reported for the first three months last year.
Investors “liked” the report and gave it a big thumbs up. During the regular trading session, Facebook shares declined $1.20 or .65% to $182.58. After issuing the report, the stock surged 9.3% or $16.93 to $199.51 a share.