Fitch Shifts Mexico Debt Outlook From Stable to Negative

Fitch Ratings changed its outlook on Mexico’s long-term foreign-currency debt issues Wednesday from “stable” to “negative,” citing the potential policies of President-elect Andres Manuel Lopez Obrador.

The leftist Lopez Obrador has tried to smooth anxieties in the business community, but upset many on Monday by cancelling a partly built, $13 billion new airport on the outskirts of Mexico City.

The private sector had strongly backed the airport project, but Lopez Obrador called it wasteful. Instead he plans to upgrade existing commercial and military airports. He made the decision based on a public referendum that was poorly organized and drew only about 1 percent of the country’s voters.

 

Alfredo Coutino, Latin America director at Moody’s Analytics, said the decision to cancel the airport project “added not only volatility but also uncertainty to the economy’s future, because it signals that policymaking in the new administration can be based more on such kind of subjective consultation and less on technical or fundamentals consistent with the country’s needs.”

“The cancellation has certainly introduced an element of uncertainty in markets and investors,” Coutino wrote, “which could start affecting confidence and credibility.”

Fitch confirmed its BBB+ investment-grade rating for Mexican government debt, but said Wednesday “there are risks that the follow-through on previously approved reforms, for example in the energy sector, could stall.”

Lopez Obrador has said he will review private concessionary oil exploration contracts granted under current President Enrique Pena Nieto’s energy reform, but won’t cancel them if they were fairly granted. The fear is that future exploration contracts may be delayed or cancelled.

Lopez Obrador won’t take office until December1, but has already announced major policy decisions.

 

Some of his policy announcements – like fiscal restraint, respect for the independence of the central banks and a pledge to avoid new debt – earned praise from investors.

But Fitch noted the decision to cancel the airport “sends a negative signal to investors.”

Lopez Obrador has also pledged to have the state-owned oil company, Pemex, build more refineries to lower imports of gasoline.

Fitch wrote that this type of proposal will “would entail higher borrowing and larger contingent liabilities to the government.”

 

 

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Fitch Shifts Mexico Debt Outlook From Stable to Negative

Fitch Ratings changed its outlook on Mexico’s long-term foreign-currency debt issues Wednesday from “stable” to “negative,” citing the potential policies of President-elect Andres Manuel Lopez Obrador.

The leftist Lopez Obrador has tried to smooth anxieties in the business community, but upset many on Monday by cancelling a partly built, $13 billion new airport on the outskirts of Mexico City.

The private sector had strongly backed the airport project, but Lopez Obrador called it wasteful. Instead he plans to upgrade existing commercial and military airports. He made the decision based on a public referendum that was poorly organized and drew only about 1 percent of the country’s voters.

 

Alfredo Coutino, Latin America director at Moody’s Analytics, said the decision to cancel the airport project “added not only volatility but also uncertainty to the economy’s future, because it signals that policymaking in the new administration can be based more on such kind of subjective consultation and less on technical or fundamentals consistent with the country’s needs.”

“The cancellation has certainly introduced an element of uncertainty in markets and investors,” Coutino wrote, “which could start affecting confidence and credibility.”

Fitch confirmed its BBB+ investment-grade rating for Mexican government debt, but said Wednesday “there are risks that the follow-through on previously approved reforms, for example in the energy sector, could stall.”

Lopez Obrador has said he will review private concessionary oil exploration contracts granted under current President Enrique Pena Nieto’s energy reform, but won’t cancel them if they were fairly granted. The fear is that future exploration contracts may be delayed or cancelled.

Lopez Obrador won’t take office until December1, but has already announced major policy decisions.

 

Some of his policy announcements – like fiscal restraint, respect for the independence of the central banks and a pledge to avoid new debt – earned praise from investors.

But Fitch noted the decision to cancel the airport “sends a negative signal to investors.”

Lopez Obrador has also pledged to have the state-owned oil company, Pemex, build more refineries to lower imports of gasoline.

Fitch wrote that this type of proposal will “would entail higher borrowing and larger contingent liabilities to the government.”

 

 

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САП розповіла про перебіг розгляду в суді справи щодо Насірова

31 жовтня прокурори зачитали 24 сторінки обвинувального акта щодо екс-голови Державної фіскальної служби України Романа Насірова, повідомила Спеціалізована антикорупційна прокуратура.

«Прокурори САП на вимогу сторони захисту розпочали 7 грудня 2017 року зачитувати повний текст обвинувального акту, який складається з 774 сторінок. Упродовж сьогоднішнього судового засідання прокурорами зачитано 24 сторінки обвинувального акту. Таким чином, у справі зачитано уже 391 сторінку обвинувального акту», – заявили в САП.

Наступне засідання призначене на 20 листопада 2018 року.

На початку березня 2017 року суд арештував Насірова з можливістю застави в 100 мільйонів гривень, яку внесли його дружина і тесть. Після цього відсторонений голова ДФС вийшов із СІЗО. 15 лютого Насіров попросив Окружний адміністративний суд Києва поновити його на посаді голови Державної фіскальної служби.

За даними слідства, Насіров причетний до так званої «газової схеми Онищенка» і впродовж 2015 року ухвалив низку «безпідставних і незаконних рішень» про розстрочення сум платежів з рентної плати за користування надрами для задіяних у схемі компаній на загальну суму понад мільярд гривень. Слідство вважає, що такими рішеннями державі завдано збитків на суму майже 2 мільярди гривень. Захист Насірова і він сам ці звинувачення заперечують.

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САП розповіла про перебіг розгляду в суді справи щодо Насірова

31 жовтня прокурори зачитали 24 сторінки обвинувального акта щодо екс-голови Державної фіскальної служби України Романа Насірова, повідомила Спеціалізована антикорупційна прокуратура.

«Прокурори САП на вимогу сторони захисту розпочали 7 грудня 2017 року зачитувати повний текст обвинувального акту, який складається з 774 сторінок. Упродовж сьогоднішнього судового засідання прокурорами зачитано 24 сторінки обвинувального акту. Таким чином, у справі зачитано уже 391 сторінку обвинувального акту», – заявили в САП.

Наступне засідання призначене на 20 листопада 2018 року.

На початку березня 2017 року суд арештував Насірова з можливістю застави в 100 мільйонів гривень, яку внесли його дружина і тесть. Після цього відсторонений голова ДФС вийшов із СІЗО. 15 лютого Насіров попросив Окружний адміністративний суд Києва поновити його на посаді голови Державної фіскальної служби.

За даними слідства, Насіров причетний до так званої «газової схеми Онищенка» і впродовж 2015 року ухвалив низку «безпідставних і незаконних рішень» про розстрочення сум платежів з рентної плати за користування надрами для задіяних у схемі компаній на загальну суму понад мільярд гривень. Слідство вважає, що такими рішеннями державі завдано збитків на суму майже 2 мільярди гривень. Захист Насірова і він сам ці звинувачення заперечують.

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Вишинський має намір скаржитися до Вищої ради правосуддя на дії судді

Підозрюваний в державній зраді глава «РИА Новости-Украина» збирається скаржитися до Вищої ради правосуддя на дії слідчого судді. Про це повідомляє кореспондент проекту Радіо Свобода «Крим.Реалії».

31 жовтня Херсонський міський суд відмовив у задоволенні клопотання сторони захисту підозрюваного в зраді глави «РИА Новости-Украина» Кирила Вишинського про відвід слідчого судді Галини Радченко.

При цьому суд погодився з тим, що на вересневому засіданні були допущені порушення, які дають право звернутися зі скаргою до компетентних органів.

У суді Вишинський наполягав на тому, що Радченко «фактично відмовляла йому в захисті», смс-повідомлення про засідання його адвокату прийшло із запізненням, а саму суддю він викрив у брехні.

«Суд зазначив, що були значні порушення, які дають можливість нашому підзахисному звернутися до компетентних органів з приводу дій судді, зокрема зі скаргою до Вищої ради правосуддя. Я думаю, що Кирило Вишинський цим скористається. На суді він зазначив, що буде реалізовувати свої права», – прокоментував ситуацію адвокат Андрій Доманський.

Читайте також: Вишинський, якого в Україні підозрюють у держзраді, отримав у Росії премію імені Політковської

Херсонський міський суд 6 серпня залишив під арештом обвинуваченого в державній зраді Вишинського на 60 діб, продовживши тримання під вартою до 4 листопада.

Затриманому 15 травня в Києві медіаменеджеру інкримінують державну зраду і проведення підривної інформаційної діяльності проти України. Вишинського загрожує до 15 років позбавлення волі в разі визнання винним. Він усі звинувачення відкидає.

За даними СБУ, Вишинський за завданням Москви готував інформаційні матеріали в Криму для виправдання анексії Росією українського півострова, пізніше в Києві – для підтримки угруповань «ДНР» і «ЛНР». Щомісяця він отримував на цю діяльність 53 тисячі євро, ці гроші, як заявили в СБУ, надходили з Росії через Сербію.

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Вишинський має намір скаржитися до Вищої ради правосуддя на дії судді

Підозрюваний в державній зраді глава «РИА Новости-Украина» збирається скаржитися до Вищої ради правосуддя на дії слідчого судді. Про це повідомляє кореспондент проекту Радіо Свобода «Крим.Реалії».

31 жовтня Херсонський міський суд відмовив у задоволенні клопотання сторони захисту підозрюваного в зраді глави «РИА Новости-Украина» Кирила Вишинського про відвід слідчого судді Галини Радченко.

При цьому суд погодився з тим, що на вересневому засіданні були допущені порушення, які дають право звернутися зі скаргою до компетентних органів.

У суді Вишинський наполягав на тому, що Радченко «фактично відмовляла йому в захисті», смс-повідомлення про засідання його адвокату прийшло із запізненням, а саму суддю він викрив у брехні.

«Суд зазначив, що були значні порушення, які дають можливість нашому підзахисному звернутися до компетентних органів з приводу дій судді, зокрема зі скаргою до Вищої ради правосуддя. Я думаю, що Кирило Вишинський цим скористається. На суді він зазначив, що буде реалізовувати свої права», – прокоментував ситуацію адвокат Андрій Доманський.

Читайте також: Вишинський, якого в Україні підозрюють у держзраді, отримав у Росії премію імені Політковської

Херсонський міський суд 6 серпня залишив під арештом обвинуваченого в державній зраді Вишинського на 60 діб, продовживши тримання під вартою до 4 листопада.

Затриманому 15 травня в Києві медіаменеджеру інкримінують державну зраду і проведення підривної інформаційної діяльності проти України. Вишинського загрожує до 15 років позбавлення волі в разі визнання винним. Він усі звинувачення відкидає.

За даними СБУ, Вишинський за завданням Москви готував інформаційні матеріали в Криму для виправдання анексії Росією українського півострова, пізніше в Києві – для підтримки угруповань «ДНР» і «ЛНР». Щомісяця він отримував на цю діяльність 53 тисячі євро, ці гроші, як заявили в СБУ, надходили з Росії через Сербію.

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Birthday Blues for Bitcoin as Investors Face Year-on-Year Loss

Bitcoin was heading towards a year-on-year loss on Wednesday, its 10th birthday, the first loss since last year’s bull market, when the original and biggest digital coin muscled its way to worldwide attention with months of frenzied buying.

By 1300 GMT, bitcoin was trading at $6,263 on the BitStamp exchange, leaving investors who had bought it on Halloween 2017 facing yearly losses of nearly 3 percent.

A year ago, bitcoin closed at $6,443.22 as it tore towards a record high of near $20,000, hit in December.

That run, fueled by frenzied buying by retail investors from South Korea to the United States, pushed bitcoin to calendar-year gains of over 1,300 percent.

Ten years ago, Satoshi Nakamoto, bitcoin’s still-unidentified founder, released a white paper detailing the need for an online currency that could be used for payments without the involvement of a third party, such as a bank.

Traders and market participants said the Halloween milestone was inevitable, given losses of around 70 percent from bitcoin’s peak and the continuing but incomplete shift towards investment by mainstream financial firms.

“The value mechanisms of crypto and bitcoin today are based more on underlying tech than hype and FOMO (fear of missing out),” said Josh Bramley, head trader at crypto wealth management firm Blockstars.

Growing use of blockchain – the distributed ledger technology that underpins bitcoin – is now powering valuations of the digital currency, he said, cautioning that some expectations for widespread use have not yet materialized.

Others said improvements to infrastructure such as custody services may allow mainstream investors who are wary of buying bitcoin to take positions.

“We see behind closed doors financial and non-financial institutions beavering away to create the infrastructure,” said Ben Sebley, head of brokerage at NKB Group, a blockchain advisory and investment firm.

Bitcoin has endured year-on-year losses before, according to data from CryptoCompare, most recently in 2015.

Retail investors still account for a strong proportion of trading, market players said.

Investors who bet early on bitcoin and have stuck with it have faced a roller-coaster ride in its first decade. Many told Reuters they are optimistic that they are still onto a winner.

 

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Birthday Blues for Bitcoin as Investors Face Year-on-Year Loss

Bitcoin was heading towards a year-on-year loss on Wednesday, its 10th birthday, the first loss since last year’s bull market, when the original and biggest digital coin muscled its way to worldwide attention with months of frenzied buying.

By 1300 GMT, bitcoin was trading at $6,263 on the BitStamp exchange, leaving investors who had bought it on Halloween 2017 facing yearly losses of nearly 3 percent.

A year ago, bitcoin closed at $6,443.22 as it tore towards a record high of near $20,000, hit in December.

That run, fueled by frenzied buying by retail investors from South Korea to the United States, pushed bitcoin to calendar-year gains of over 1,300 percent.

Ten years ago, Satoshi Nakamoto, bitcoin’s still-unidentified founder, released a white paper detailing the need for an online currency that could be used for payments without the involvement of a third party, such as a bank.

Traders and market participants said the Halloween milestone was inevitable, given losses of around 70 percent from bitcoin’s peak and the continuing but incomplete shift towards investment by mainstream financial firms.

“The value mechanisms of crypto and bitcoin today are based more on underlying tech than hype and FOMO (fear of missing out),” said Josh Bramley, head trader at crypto wealth management firm Blockstars.

Growing use of blockchain – the distributed ledger technology that underpins bitcoin – is now powering valuations of the digital currency, he said, cautioning that some expectations for widespread use have not yet materialized.

Others said improvements to infrastructure such as custody services may allow mainstream investors who are wary of buying bitcoin to take positions.

“We see behind closed doors financial and non-financial institutions beavering away to create the infrastructure,” said Ben Sebley, head of brokerage at NKB Group, a blockchain advisory and investment firm.

Bitcoin has endured year-on-year losses before, according to data from CryptoCompare, most recently in 2015.

Retail investors still account for a strong proportion of trading, market players said.

Investors who bet early on bitcoin and have stuck with it have faced a roller-coaster ride in its first decade. Many told Reuters they are optimistic that they are still onto a winner.

 

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Порошенко підписав закон «Маски шоу стоп-2»

Закон під умовною назвою «Маски-шоу стоп 2» полегшує механізм притягнення до відповідальності слідчого чи прокурора, які прийняли незаконне рішення під час розслідування

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Порошенко підписав закон «Маски шоу стоп-2»

Закон під умовною назвою «Маски-шоу стоп 2» полегшує механізм притягнення до відповідальності слідчого чи прокурора, які прийняли незаконне рішення під час розслідування

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UK-Canadian ‘Grand Committee’ Seeks to Question Zuckerberg

Parliamentary committees in Britain and Canada on Wednesday urged Facebook CEO Mark Zuckerberg to testify before a joint hearing of international lawmakers examining fake news and the internet.

Damian Collins, the head of the U.K. parliament’s media committee, is joining forces with his Canadian counterpart, Bob Zimmer, to pressure Zuckerberg to personally take part in hearings, as he did before the U.S Congress and the European Parliament. The so-called “international grand committee” session would be held Nov. 27 and could include lawmakers from other countries.

“We understand that it is not possible to make yourself available to all parliaments. However, we believe that your users in other countries need a line of accountability to your organization — directly, via yourself,” the pair said in a letter to Zuckerberg. “We would have thought that this responsibility is something that you would want to take up.”

Social media companies have been under scrutiny in Britain following allegations that political consultancy Cambridge Analytica used data from tens of millions of Facebook accounts to profile voters and help U.S. President Donald Trump’s 2016 election campaign. The committee is also investigating the impact of fake news distributed via social media sites globally.

Collins has been irate with Facebook for sending Zuckerberg’s underlings to his committee’s hearings while the leader of the Silicon Valley company declined invitations to attend. Joining forces with Canada — and perhaps other countries — seems designed to prod Zuckerberg and persuade him to change his mind.

“No such joint hearing has ever been held,” the pair wrote. “Given your self-declared objective to ‘fix’ Facebook, and to prevent the platform’s malign use in world affairs and democratic process, we would like to give you the chance to appear at this hearing.”

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UK-Canadian ‘Grand Committee’ Seeks to Question Zuckerberg

Parliamentary committees in Britain and Canada on Wednesday urged Facebook CEO Mark Zuckerberg to testify before a joint hearing of international lawmakers examining fake news and the internet.

Damian Collins, the head of the U.K. parliament’s media committee, is joining forces with his Canadian counterpart, Bob Zimmer, to pressure Zuckerberg to personally take part in hearings, as he did before the U.S Congress and the European Parliament. The so-called “international grand committee” session would be held Nov. 27 and could include lawmakers from other countries.

“We understand that it is not possible to make yourself available to all parliaments. However, we believe that your users in other countries need a line of accountability to your organization — directly, via yourself,” the pair said in a letter to Zuckerberg. “We would have thought that this responsibility is something that you would want to take up.”

Social media companies have been under scrutiny in Britain following allegations that political consultancy Cambridge Analytica used data from tens of millions of Facebook accounts to profile voters and help U.S. President Donald Trump’s 2016 election campaign. The committee is also investigating the impact of fake news distributed via social media sites globally.

Collins has been irate with Facebook for sending Zuckerberg’s underlings to his committee’s hearings while the leader of the Silicon Valley company declined invitations to attend. Joining forces with Canada — and perhaps other countries — seems designed to prod Zuckerberg and persuade him to change his mind.

“No such joint hearing has ever been held,” the pair wrote. “Given your self-declared objective to ‘fix’ Facebook, and to prevent the platform’s malign use in world affairs and democratic process, we would like to give you the chance to appear at this hearing.”

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Facebook Caught in an Election-security Catch-22

When it comes to dealing with hate speech and attempted election manipulation, Facebook just can’t win.

If it takes a hands-off attitude, it takes the blame for undermining democracy and letting civil society unravel. If it makes the investment necessary to take the problems seriously, it spooks its growth-hungry investors.

That dynamic was on display in Facebook’s earnings report Tuesday, when the social network reported a slight revenue miss but stronger than expected profit for the July-September period.

Shares were volatile in after-hours trading — dropping the most, briefly, when executives discussed a decline in expected revenue growth and increasing expenses during the conference call.

With the myriad problems Facebook is facing, that passes for good news these days. It was definitely an improvement over three months ago, when Facebook shares suffered their worst one-day drop in history, wiping out $119 billion of its market value after executives predicted rising expenses to deal with security issues along with slowing growth.

“Overall, given all the challenges Facebook has faced this year, this is a decent earnings report,” said eMarketer analyst Debra Aho Williamson.

Facebook had 2.27 billion monthly users at the end of the quarter, below the 2.29 billion analysts were expecting. Facebook says it changed the way it calculates users, which reduced the total slightly. The company’s user base was still up 10 percent from 2.07 billion monthly users a year ago.

The company earned $5.14 billion, or $1.76 per share, up 9 percent from $4.71 billion, or $1.59 per share, a year earlier. Revenue was $13.73 billion, an increase of 33 percent, for the July-September period.

Analysts had expected earnings of $1.46 per share on revenue of $13.77 billion, according to FactSet.

CEO Mark Zuckerberg called 2019 “another year of significant investment” during the earnings call. After that, he said “I know that we need to make sure our costs and revenue are better matched over time.”

The company had already warned last quarter that its revenue growth will slow down significantly for at least the rest of this year and that expenses will continue to balloon as it spends on security, hiring more content moderators around the world and on developing its products, be they messaging apps, video or virtual reality headsets.

The following day the stock plunged 19 percent. Shares not only haven’t recovered, they’ve since fallen further amid a broader decline in tech stocks .

Facebook’s investors, users, employees and executives have been grappling not just with questions over how much money the company makes and how many people use it, but its effects on users’ mental health and worries over what it’s doing to political discourse and elections around the world. Is Facebook killing us? Is it killing democracy?

The problems have been relentless for the past two years. Facebook can hardly crawl its way out of one before another comes up. It began with “fake news” and its effects on the 2016 presidential election (a notion Zuckerberg initially dismissed) and continued with claims of bias among conservatives that still haven’t relented.

Then there’s hate speech, hacks and a massive privacy scandal in which Facebook exposed the data of up to 87 million users to a data mining firm, along with resulting moves toward government regulation of social media. Amid all this, there have been sophisticated attempts from Russia and Iran to interfere with elections and stir up political discord in the U.S.

All this would be more than enough to deal with. But the business challenges are also piling up. There are stricter privacy regulations in Europe that can impede how much data it collects on users. Facebook and other tech companies face a new ”digital tax ” in the UK.

On Tuesday, Arjuna Capital and the New York State Common Retirement Fund filed a shareholder proposal asking Facebook to publish a report on its policies for governing what is posted on its platform and explain what it is doing to “address content that threatens democracy, human rights, and freedom of expression.”

“Young users are deleting the app and all users are taking breaks from Facebook,” said Natasha Lamb, managing partner at Arjuna Capital. “When you start to see users turn away from the platform, that’s when investors get concerned.”

A recent Pew Research Center survey found that more than a quarter of U.S. Facebook users have deleted the app from their phones and 42 percent have taken a break for at least a few weeks. Younger users were much more likely to delete the app than their older counterparts.

Nonetheless, Facebook is still enjoying healthy user growth outside the U.S.

Facebook’s stock climbed $4.07, or 2.8 percent, to $150.29 in after-hours trading. The stock had closed at $146.22, down 17 percent year-to-date.

 

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Facebook Caught in an Election-security Catch-22

When it comes to dealing with hate speech and attempted election manipulation, Facebook just can’t win.

If it takes a hands-off attitude, it takes the blame for undermining democracy and letting civil society unravel. If it makes the investment necessary to take the problems seriously, it spooks its growth-hungry investors.

That dynamic was on display in Facebook’s earnings report Tuesday, when the social network reported a slight revenue miss but stronger than expected profit for the July-September period.

Shares were volatile in after-hours trading — dropping the most, briefly, when executives discussed a decline in expected revenue growth and increasing expenses during the conference call.

With the myriad problems Facebook is facing, that passes for good news these days. It was definitely an improvement over three months ago, when Facebook shares suffered their worst one-day drop in history, wiping out $119 billion of its market value after executives predicted rising expenses to deal with security issues along with slowing growth.

“Overall, given all the challenges Facebook has faced this year, this is a decent earnings report,” said eMarketer analyst Debra Aho Williamson.

Facebook had 2.27 billion monthly users at the end of the quarter, below the 2.29 billion analysts were expecting. Facebook says it changed the way it calculates users, which reduced the total slightly. The company’s user base was still up 10 percent from 2.07 billion monthly users a year ago.

The company earned $5.14 billion, or $1.76 per share, up 9 percent from $4.71 billion, or $1.59 per share, a year earlier. Revenue was $13.73 billion, an increase of 33 percent, for the July-September period.

Analysts had expected earnings of $1.46 per share on revenue of $13.77 billion, according to FactSet.

CEO Mark Zuckerberg called 2019 “another year of significant investment” during the earnings call. After that, he said “I know that we need to make sure our costs and revenue are better matched over time.”

The company had already warned last quarter that its revenue growth will slow down significantly for at least the rest of this year and that expenses will continue to balloon as it spends on security, hiring more content moderators around the world and on developing its products, be they messaging apps, video or virtual reality headsets.

The following day the stock plunged 19 percent. Shares not only haven’t recovered, they’ve since fallen further amid a broader decline in tech stocks .

Facebook’s investors, users, employees and executives have been grappling not just with questions over how much money the company makes and how many people use it, but its effects on users’ mental health and worries over what it’s doing to political discourse and elections around the world. Is Facebook killing us? Is it killing democracy?

The problems have been relentless for the past two years. Facebook can hardly crawl its way out of one before another comes up. It began with “fake news” and its effects on the 2016 presidential election (a notion Zuckerberg initially dismissed) and continued with claims of bias among conservatives that still haven’t relented.

Then there’s hate speech, hacks and a massive privacy scandal in which Facebook exposed the data of up to 87 million users to a data mining firm, along with resulting moves toward government regulation of social media. Amid all this, there have been sophisticated attempts from Russia and Iran to interfere with elections and stir up political discord in the U.S.

All this would be more than enough to deal with. But the business challenges are also piling up. There are stricter privacy regulations in Europe that can impede how much data it collects on users. Facebook and other tech companies face a new ”digital tax ” in the UK.

On Tuesday, Arjuna Capital and the New York State Common Retirement Fund filed a shareholder proposal asking Facebook to publish a report on its policies for governing what is posted on its platform and explain what it is doing to “address content that threatens democracy, human rights, and freedom of expression.”

“Young users are deleting the app and all users are taking breaks from Facebook,” said Natasha Lamb, managing partner at Arjuna Capital. “When you start to see users turn away from the platform, that’s when investors get concerned.”

A recent Pew Research Center survey found that more than a quarter of U.S. Facebook users have deleted the app from their phones and 42 percent have taken a break for at least a few weeks. Younger users were much more likely to delete the app than their older counterparts.

Nonetheless, Facebook is still enjoying healthy user growth outside the U.S.

Facebook’s stock climbed $4.07, or 2.8 percent, to $150.29 in after-hours trading. The stock had closed at $146.22, down 17 percent year-to-date.

 

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В Україну приїде єврокомісар Ган

Єврокомісар з питань європейської політики сусідства і розширення Йоганнес Ган планує відвідати в Україну, про це повідомляє прес-служба Європейської комісії.

Візит заплановано на 9 листопада.

Інших подробиць у Єврокомісії не наводять.

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В Україну приїде єврокомісар Ган

Єврокомісар з питань європейської політики сусідства і розширення Йоганнес Ган планує відвідати в Україну, про це повідомляє прес-служба Європейської комісії.

Візит заплановано на 9 листопада.

Інших подробиць у Єврокомісії не наводять.

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