Facebook reported a 33% year-on-year increase in revenues on a constant currency basis for the fourth quarter to 16.9 billion US dollars, down from 34% in the third quarter.
For the current quarter, Facebook expects its total revenue growth rate to decelerate by a mid-single digit percentage on a
constant currency basis compared to the fourth quarter rate. "We also expect that our revenue growth rates will
continue to decelerate sequentially throughout 2019 on a constant currency basis," the company said.
It plans to invest between 18 billion and 20 billion dollars in capital expenditures in 2019, driven primarily by the building of data centres. For 2018, capital expenditure was 13.9 billion dollars.
Separately, Facebook shut down a mobile app that paid users 20 dollars a month for allowing it to collect data on their iPhones, after Apple said the app breached its policies. The app monitored the user's web and phone activity, including how they use other apps, according to a TechCrunch report. Source: Facebook statement