Regulators and politicians worldwide are screaming constantly at the company for its various sins — and that’s starting to hit Facebook in its pocketbook. But Facebook reset expectations for investors a year ago, and now it’s clearing that lowered bar in what promises to be a year of awkward transition. Revenue rose a better-than-expected 26 percent in the first quarter. Since then, Facebook prepared investors for softer results and then topped those lowered expectations. Again, though, Facebook has told investors to expect slimming profit margins, so what the company delivered on Wednesday looked like a relief.

Source: Washington Post April 24, 2019 22:48 UTC