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BRIEF-Facebook says expects FY 2018 total expenses to grow about 45 pct to 60 pct
November 1, 2017 / 10:26 PM / in a month

BRIEF-Facebook says expects FY 2018 total expenses to grow about 45 pct to 60 pct

Nov 1 (Reuters) - Facebook Inc:

* Facebook CEO says plans to double the number of people working on safety and security to 20,000 in the next year- conf call

* Facebook CEO says “protecting our community is more important than maximizing our profit”- conf call

* Facebook CEO says “we’re working with congress on legislation to make advertising more transparent” - conf call

* Facebook says co has over 6 million active advertisers- conf call

* Facebook says increases duplicate accounts estimate up from 6 percent to 10 percent of worldwide MAUs- conf call

* Facebook says expects FY 2018 total expenses to grow about 45 percent to 60 percent - conf call

* Facebook CFO - “we expect full year 2018 capital expenditures will roughly double from 2017 levels”- conf call

* Facebook CFO - continue to see decelerated ad revenue growth for the foreseeable future- conf call Further company coverage:

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