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The company disclosed its latest gaffe on Tuesday, saying that its misclassification of user activity had led to immaterial overcounting of monthly and daily users. More broadly, the social network’s reputation has suffered from a data breach affecting 29 million users in September and a privacy scandal involving a British political consulting firm in March. It also has been rocked by domestic and international information warfare on its services, including WhatsApp and Instagram, and a wave of executive departures.
About 2.6 billion users interact with at least one of Facebook’s services each month, up from 2.5 billion when it released the figure for the van heusen cufflinks first time last quarter to emphasize that its potential audience for advertisers is unrivaled in size, Facebook’s spending has ballooned from licensing more engaging content such as video, and as it tries to fortify itself against fraudsters and hackers, Zuckerberg said upcoming elections would be a test of its new systems, which he expects will be fully installed by end of 2019..
“With a community of more than 2 billion people, we will see all the good and bad that humanity can do. And we will never be perfect,” he said. Total expenses in the third quarter surged to nearly $8 billion, up 53 percent compared with a year ago. Operating margin, which Facebook has said should fall around 35 percent, dropped 2 percentage points from last quarter, to 42 percent. The company estimated 2018 expenses would rise 50 percent to 55 percent above last year, trimming an earlier range of up to 60 percent. It forecasts expenses will grow 40 percent to 50 percent in 2019.
(Reuters) - Global insurance mergers and van heusen cufflinks acquisitions rose to 37 billion euros in the first six months of 2018, with a host of mega deals resulting in the highest first-half total since the financial crisis, a report by Willis Towers Watson (WLTW.O) and Mergermarket showed, The first half saw 14 insurance deals worth over 500 million euros ($567.80 million), but total deal volume fell to 84 deals, the lowest number since 2009, the report showed, The report cited the changing nature of business models as a driver for deals, with regulatory pressures leading to new models and more firms trying to return to their core strategy..
The report also said companies are divesting unwanted parts of their business, meaning that valuable assets are once again on the market. The report included completed deals with a value of at least $5 million. For private equity investors, record levels of inflow – with cash reserves reaching $1 trillion in 2017 – has driven interest in insurance assets, leading to complex acquisitions from these buyers in 2018. Private equity firm Bain Capital agreed to buy esure ESUR.L for 1.21 billion pounds in August, ending over two years of speculation around the British insurer being a takeover target for U.S. private equity firms.
According to the report regulatory change has played a big role in the U.S., as tax reform in the country has provided an immediate boost to company earnings since the turn of the year, “Debt continues to be cheap, and following the recent tax reforms, U.S, companies have been given a steroid kick, We will continue to see an active M&A market,” Managing Director at Willis Towers Watson Jack Gibson, said, “It’s just a matter of paying the right price and overcoming the hurdles van heusen cufflinks that have led to deals taking longer to consummate and perhaps driving the lower number of deals this year.”..
Earlier in September, U.S. financial services group Marsh & McLennan Companies Inc (MMC.N) agreed to buy Jardine Lloyd Thompson JLT.L valuing the British insurance and reinsurance broker at about 4.3 billion pounds. The report highlighted growing investment from Asian companies, but said political and economic uncertainty could affect global dealmaking, with volatility surrounding Britain’s impending exit from the European Union and trade tensions between Beijing and Washington threatening appetites.
NEW YORK (Reuters) - Yields on U.S, Treasury bonds were steady in light trading on Tuesday as investors held off on making big moves ahead of this week’s spate of economic data, Yields were up modestly on the day, aided by a recovery in equities after Monday’s sell-off van heusen cufflinks and a raucous month driven by U.S, stock market volatility, Daily trading volume was at its lowest in more than a week ahead of the ADP private payrolls report and the Treasury refunding announcement due on Wednesday, the Markit PMI Manufacturing Index and the ISM Manufacturing Index on Thursday, and the U.S, non-farm payrolls report on Friday..