Facebook Weathers Another Regulatory Storm: Does It Matter?

“If Instagram’s success was because Facebook bought it and nurtured it into a successful site, you wouldn’t want to penalize Facebook for doing that,” Gregory Rosston, director of the Public Policy Program at Stanford University, says

Facebook’s users — and its advertising partners — don’t seem to care about the company’s array of recent privacy and regulatory issues.

That much is clear, after Facebook reported its second quarter earnings on Wednesday. The social network posted 8% year-over-year growth for both daily and monthly users — bringing it to 1.59 billion daily users worldwide. In the U.S., where Facebook has been hit by several scandals in the last 18 months, its base increased slightly from 186 million to 187 million daily users.

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Sean Burch

Sean Burch

Tech reporter • sean.burch@thewrap.com • @seanb44