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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Facebook reported Wednesday that its quarterly profit plummeted due to the cost of a US privacy settlement and forecast that regulation would slow its money-making ad machine.
Profit in the second quarter fell 49 percent from a year ago to Sh270.4 billion (USD 2.6 billion) while revenues increased 28 percent to 1.8 trillion (USD 16.9 billion).
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