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Facebook beats earnings, +4% AH, now 1.45B DAU

Facebook beats in Q1 and boosts daily user growth to 1.45B...
Crawly Wagecucks
  04/25/18
Libs have moved on to Kanye. Facebook is yesterday’s news
Laughsome kink-friendly market
  04/25/18
up 9% today
Crawly Wagecucks
  04/26/18
You are a prophet
Laughsome kink-friendly market
  04/26/18
...
Crawly Wagecucks
  05/11/18


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Date: April 25th, 2018 4:19 PM
Author: Crawly Wagecucks

Facebook beats in Q1 and boosts daily user growth to 1.45B amidst backlash

Josh Constine@JoshConstine / 8 minutes ago

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facebook-earnings

Amongst massive criticism over data privacy, Facebook showed the resiliency of its advertising machine by beating Wall Street’s $11.41 billion revenue estimate in its Q1 2018 earnings report by raking in $11.97 billion in revenue with $1.69 EPS compared to $1.35 estimate. Daily active users hit 1.45 billion, up 3.57% to revive Facebook’s growth after slower 2.18% growth last quarter. But Facebook only reached 2.2 billion monthly users, a 3.28 percent growth rate that was a little slower than last quarter’s 3.39% growth. Both daily and monthly users are up 13% year-over-year, showing Facebook’s troubles haven’t paralyzed its growth.

Demonstrating Facebook’s declining web presence, mobile made up $10.7 billion, or 91% of all ad revenue, up from 89% last quarter. Facebook reached $4.98 billion in profit, up from a weak $4.26 billion last quarter.

The recent scandals’ have put a lot of downward pressure on its share price, but apparently the company think it’s a good buy. It’s increased the amount authorized under a share repurchase program by an additional $9 billion, on top of an original $6 billion plan.

CEO Mark Zuckerberg wrote that “Despite facing important challenges, our community and business are off to a strong start in 2018. We are taking a broader view of our responsibility and investing to make sure our services are used for good. But we also need to keep building new tools to help people connect, strengthen our communities, and bring the world closer together.”

This was perhaps the most tumultuous quarter since Facebook went public. Last quarter saw Facebook’s first ever decline in users in a market, with a 700,000 user drop in the US & Canada market following changes to promote well being that reduced the prevalence of viral videos. Meanwhile, Facebook faced intense criticism regarding the Cambridge Analytica scandal and its data privacy practices, leading a massive pull-back of developer capabilities as Zuckerberg headed to testify before congress.

(http://www.autoadmit.com/thread.php?thread_id=3959785&forum_id=2#35919098)



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Date: April 25th, 2018 4:21 PM
Author: Laughsome kink-friendly market

Libs have moved on to Kanye. Facebook is yesterday’s news

(http://www.autoadmit.com/thread.php?thread_id=3959785&forum_id=2#35919107)



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Date: April 26th, 2018 11:47 AM
Author: Crawly Wagecucks

up 9% today

(http://www.autoadmit.com/thread.php?thread_id=3959785&forum_id=2#35924213)



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Date: April 26th, 2018 1:01 PM
Author: Laughsome kink-friendly market

You are a prophet

(http://www.autoadmit.com/thread.php?thread_id=3959785&forum_id=2#35924641)



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Date: May 11th, 2018 9:34 AM
Author: Crawly Wagecucks



(http://www.autoadmit.com/thread.php?thread_id=3959785&forum_id=2#36028807)