Facebook CFO David Wehner said the company expects to face "more significant ad targeting headwinds in 2021," including the impact of iOS 14 and regulatory developments in Europe.
Facebook's Oversight Board will now have the ultimate say on whether the permanent suspension of the former president's accounts should be upheld.
Parler filed a lawsuit in the US District Court in Seattle alleging that its suspension from AWS services violated antitrust law and breached contractual agreement.
Facebook CEO Mark Zuckerberg announced that the Facebook and Instagram accounts of President Donald Trump will remain blocked for at least the next two weeks.
The update is part of the company's years-long goal to rebuild its core services around encryption, privacy and interoperability.
The company is aiming to personalize Facebook's core service for the modern-day college experience.
The social network is trying to ease fears that its platform has become a tool for spreading Russian propaganda, starting with the 2016 US presidential election.
With technology improvements, 22.5 million pieces of content were removed from Facebook for community standards violations in Q2.
Cox left Facebook last March amid the company's efforts to become a more privacy-focused platform.
Mark Zuckerberg expects that about 50% of Facebook's workforce will work remotely within the next five to 10 years.