Some of the earnings after the close. Facebook beats

Some of the earnings after the close. Facebook beats

Some of the earnings after the close. Facebook beats

Facebook Inc. (FB) shares ticked up in the extended session Wednesday after the social networking company beat earnings and revenue expectations.

"I believe this will make our society stronger, and in doing so will be good for all of us over the long term", Zuckerberg said on the call.

"None of that matters if our services are used in ways that don't bring people closer together - or if the foundation of our society is undermined by foreign interference", Zuckerberg said to investors.

"Facebook's efforts will come in many forms - increasing transparency of political and issue ads, removing problematic content such as false news and hate speech and bulking up review of ad content", added Anmuth.

Zuckerberg also said that Instagram Stories and WhatsApp Status both now have 300 million daily active users - up from 250 million in June (Instagram) and July (WhatsApp).

He went on to stress that protecting Facebook's community was "more important" than boosting profit.

"We're serious about preventing abuse on our platforms".

But CEO Mark Zuckerberg sounded a warning note, after a hard few weeks of debate around the role of rogue Russian actors trying to influence the last United States presidential election through Facebook ads and posts.

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Facebook shares that ended the day up 1.4 percent to $182.66 but retreating in after-market trades to $179.25. The social media giant, along with Google and Twitter all sent general counsel this week to three scheduled meetings before the Senate Judiciary Committee on Russian influence in the 2016 presidential election.

Expenses rose to $5.2 billion from $3.9 billion in the same quarter a year ago, and headcount at the company was up 47 percent to 23,165 employees.

"At first glance, no change to our positive thesis after Facebook reported stable ad revenue growth despite previous commentary around diminishing ad load contributions in (the second half of this year), wrote Baird analyst Colin Sebastian in a research note to clients".

Read the full earnings release here.

The latest data on Instagram is on top of the estimated 126 million Americans exposed to Facebook posts from Russian entities seeking to create divisions during the election campaign.

"For those who have followed Facebook, you know that when we set our minds to something, we're going to do it".

Facebook now has 2.07 billion monthly active users - an increase of 16 per cent year-over-year.

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