Security Experts:

Connect with us

Hi, what are you looking for?


Management & Strategy

Facebook’s Zuckerberg Says Security Costs Will Hurt Profits

Facebook Chief Says Protecting Community is More Important Than Maximizing Profits

Facebook Chief Says Protecting Community is More Important Than Maximizing Profits

Social media giant Facebook said on Wednesday that significant investments by the company to secure its platform will impact its profitability. 

The company announced its financial results for Q3 2017 after the bell on Wednesday, noting that capital expenditures for quarter were $1.76 billion. The company reported more than $10.3 billion in revenue during the quarter, and a profit of $4.7 billion. 

Facebook Security“Our community continues to grow and our business is doing well,” Mark Zuckerberg, Facebook founder and CEO, said in a statement. “But none of that matters if our services are used in ways that don’t bring people closer together. We’re serious about preventing abuse on our platforms. We’re investing so much in security that it will impact our profitability. Protecting our community is more important than maximizing our profits.”

33 year-old Zuckerberg did not detail any planned security investments or estimated costs.

The company has been under scrutiny over Russia-linked buyers who placed thousands of ads on the site in attempt to influence the U.S. presidential election. It has been reported that Facebook plans to hire 1,000 additional workers for its team that reviews and removes Facebook ads.

Facebook’s security group is led by Chief Security Officer (CSO) Alex Stamos, who took the role in June 2015 after serving as CISO at Yahoo. Stamos replaced former CSO Joe Sullivan who left the social media giant in April to take the role of CSO at Uber.

In June, Facebook announced the roll-out of a redesigned security settings page, designed to make it easier for users to understand the options provided to them.

In October 2016, the company said that it had paid out a total of more than $5 million (at the time) to researchers who have helped the company find and patch vulnerabilities in its systems and products.

The company had an employee headcount of more than 23,000 as of September 30, 2017, an increase of 47% year-over-year.

Written By

For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Management & Strategy

Industry professionals comment on the recent disruption of the Hive ransomware operation and its hacking by law enforcement.

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

Management & Strategy

Tens of cybersecurity companies have announced cutting staff over the past year, in some cases significant portions of their global workforce.


Twenty-one cybersecurity-related M&A deals were announced in December 2022.

CISO Conversations

In this edition of CISO Conversations, SecurityWeek speaks to two city CISOs, from the City of Tampa, and from Tallahassee.