Facebook's Revenue Experiences the Lowest of History

Social media giant Facebook achieved the lowest rate of increase in the company's history in the last quarter of 2019.

Although the 25 percent rate achieved in the last quarter of 2019 entered the company 's $ 21.1 billion, the drop in growth rate since 2016 has reached its highest rate. While the annual growth rate was 27 percent, this rate exceeded 59 percent in the second quarter of 2016. Meanwhile, Facebook's Chief Financial Officer David Wehner has announced that the pace of growth will slow further in the first quarter of 2020. The CFO announced that the biggest reason for this rate drop was new restrictions placed on browser cookies that Apple and Google use to track users online.

Facebook's Revenue Experiences the Lowest of History

In 2018, Cambridge Analytica data analytics company revealed that the social media giant's 87 million users collect personal data from their accounts without permission. Facebook founder Mark Zuckerber, who has been showered with criticism, has apologised to European users for the misuse of the data.