• Technology The great metaverse competition: "We can't even imagine the crimes that can be committed there"

  • Scandal Check to Facebook: the devastating 'I accuse' of former employee Frances Haugen

The scandals and the bad reputation at the moment do not seem to affect his unstoppable march.

Facebook made

$ 29.01 billion

in the third quarter of 2021, 35% more than a year ago thanks to the 1.93 billion people who use its social network every day.

The

net profit was 9,194 million,

19% more than in the same period of 2020.

Its CEO,

Mark Zuckerberg

, in the eye of the hurricane after the direct attacks by former employee Frances Haugen on the philosophy and modus operandi of his company, was brief in his statements after presenting the results at the close of the trading day on Wall Street . "We have made good progress this quarter and our community continues to grow," he said. "I'm excited about our roadmap, especially around creators, commerce, and helping build the metaverse."

Despite the positive results, growth in sales was slower than expected by analysts, with a

forecast of $ 29.56 billion

in revenue that did not reach. Hence, the reaction in the

after-hours

market

was timid, with a revaluation of around 1%. The company assured that the privacy rules imposed by

Apple

in its application ecosystem is creating a climate of uncertainty in the social network based in Menlo Park, California.

Facebook also referred to its firm commitment to products and services around virtual and augmented reality, a technology that allows virtual elements to be superimposed on our vision of reality.

The company announced that they

will change their accounting structure to split Facebook Reality Labs

and differentiate it from its main business unit.

The tech giant said the company expects its revenue for the last quarter of the year to be

between $ 31.5 billion and $ 34 billion

, slightly below analysts' expectations.

Facebook indicated that the forecast is a reflection of the "uncertainty" they face due to Apple's changes, as well as "macroeconomic and Covid-related factors."

The results of Facebook are the starting signal for a week in which the other great powers of

Big Tech will

present accounts

.

Google and Microsoft

will do so on Tuesday and

Amazon

on Thursday.

According to the criteria of The Trust Project

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