>> Shares of Facebook shot up more than 12% Thursday, after the company posted earnings that beat Wall Street estimates. This, despite an onslaught of privacy scandals that have battered the social network's reputation. Reuters Facebook correspondent Katie Paul breaks down the results.>> Facebook reported its slowest revenue growth of all time, as a publicly listed company, but it beat profit estimates and estimates on other figures.
And so, that soothed a lot of investor concerns about the company that they had over the past year, amid all of the scandals about privacy and data, and misinformation. Advertisers are still very reliant on Facebook, they don't have a lot of other platforms that they can choose from, and so they, we've seen in these earnings that they still come back to Facebook, despite all of the scandals.
>> Facebook managed to gain some new users, particularly in India, Indonesia, and the Philippines. Facebook said more than 2.7 billion users now interact with at least one of its apps, including Instagram and Whatsapp, each month, up from 2.6 billion last quarter.>> Analysts think that this is a sign that the worst is over.
Facebook's already given guidance that its prospects will improve after 2019, and analysts are starting to see the beginning of that process.>> Still CEO Mark Zuckerburg didn't ignore the recent scandals in his earnings statement, saying quote, We've fundamentally changed how we run our company to focus on the biggest social issues, and we're investing more to build new and inspiring ways for people to connect.
Facebook has pledged to focus on the privacy and security of its network, after a series of scandals. The most recent one coming just a day before the earnings report, after it was revealed that Facebook was paying users as young as 13 years old to install an app, that Apple later said was improperly used to track their web browsing habits.