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Facebook Shares Shoot Up After Strong Q4 Earnings Despite Scandals (techcrunch.com)
Despite Facebook's recent scandals, such as the site's biggest data breach, the social media company managed to beat Wall Street's estimates in its Q4 earnings. "Facebook hit 2.32 billion monthly users, up 2.2 percent from 2.27 billion last quarter, speeding up its growth rate," reports TechCrunch. "Facebook climbed to 1.52 billion daily active users from 1.49 billion last quarter for a 2 percent growth rate that dwarfed last quarter's 1.36 percent." From the report: Facebook earned $16.91 billion off all those users with a $2.38 GAAP earnings per share. Those numbers handily beat Wall Street's expectations of $16.39 billion in revenue and $2.18 GAAP earnings per share, plus 2.32 billion monthly and 1.51 billion daily active users. Facebook's daily to monthly user ratio, or stickiness, held firm at 66 percent where it's stayed for years, showing those still on Facebook aren't using it much less. Facebook shares had closed today at $150.42 but shot up over 9 percent following the record revenue and profit announcements to hover around $162. A big 30 percent year-over-year boost in average revenue per user in North America fueled those gains. Yet that's still way down from $186 where it was a year ago and a peak of $217 in July.
Facebook's monthly active user plateaued in North America but roared up in Europe. That was shored up by a reversal of last quarter's decline in Rest Of World average revenue per user, which fell 4.7% in Q3 but bounced back with 16.5 percent growth in Q4. Facebook raked in $6.8 billion in profit this quarter as it slowed down hiring and only grew headcount 5 percent from 33,606 to 35,587. It seems Facebook has gotten to a comfortable place with its security staff-up in the wake of election interference, fake news, and content moderation troubles. Its revenue is up 30 percent year-over-year while profits grew 61 percent, which is pretty remarkable for a 15-year old technology company.
Facebook's monthly active user plateaued in North America but roared up in Europe. That was shored up by a reversal of last quarter's decline in Rest Of World average revenue per user, which fell 4.7% in Q3 but bounced back with 16.5 percent growth in Q4. Facebook raked in $6.8 billion in profit this quarter as it slowed down hiring and only grew headcount 5 percent from 33,606 to 35,587. It seems Facebook has gotten to a comfortable place with its security staff-up in the wake of election interference, fake news, and content moderation troubles. Its revenue is up 30 percent year-over-year while profits grew 61 percent, which is pretty remarkable for a 15-year old technology company.
Dividends are supreme: See all principles abandoned in the face of more money. Corporations owning corporations accelerates this because they don't judge profits by their social cost. With the power of free speech, corporations (and corporatists) can insist such nihilism is necessary and beneficial.
Not a technology company. An advertising company.
If I can't go to the shops and buy a Facebook, they're not a technology company.
cue the basement dweller with the following -
1) fuck facebook
2) no one should use it
3) they should be accountable to what infomation ppl volunteer for free on a free service
oh wait - they don't mention point 3......
because - data leaks aside - users are volunteering their information for free on a free service...
plaster that shit on search engines.... thats not FB's fault ppl are idiots.
A company which can do all that and still thrive is a company that customers can't avoid. No wonder the shares are up.
And how did they share it?
Sounds like someone shot up their offices and they decided to share the love by shooting up their neighbors.
what an absolute lie of the highest order. But hey its facebook wtf else do we expect.
The morality of the stock market is perfectly exposed.
It doesn't have any.
So, can anyone actually validate these numbers?
I mean, considering how Fuck-Book werkx..
can anyone really say these statements are actually true?
Fucking kill them, NO WAIT THATS A THREAT, IM SORRY..
Cut it out like the cancer on society that it is..
Why would investors care about scandals, it's all about the bottom line and Facebook's was/is awesome. It could come out that the Zuck bathes in puppy blood to maintain his youthful pastiness and Facebook shares would still go up if they also posted 17 billion in revenue.
Am I the only one, only programmer, who thinks, jeez, just you know, "update hits set hits = hits * 1.0012;"?
How do we know those numbers are legit? Certainly, assessing facebook traffic numbers/members is as difficult to do as determining unemployment numbers. Is it so hard to believe that facebook would over-inflate it's numbers to compensate for the bad press and leaving members? As far as I know, there is no mechanism to verify the numbers they put out. And there seems to be a TON of money to be made based on these numbers.
Am I wrong?
-- A cat is no trade for integrity!
Facebook is very useful for users nowadays because we can meet easily to our friends and family members online and chat with them. DNS Server Not Responding in Windows: https://www.microsoftwindowssu...
BECAUSE of them.
And making it public knowledge that they have a load of private information and sell it is not scandals, at least not with those that matter, it's called "advertising to your actual customer".
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
Certainly to me, it seems everyone is all too quick to be outraged about how FB mine and misuse their (our) data. Yet despite all this, when it comes down to it, people don't really seem to care... at all. Among my FB friends (even the supposedly intelligent ones) I can still see just as many posts appearing, revealing just as much personal data for Mr Z to get his grubby hands on.
So we mostly hate FB and are quite vocal about it, yet without hesitation continue to give them exactly what they need to thrive.
"Earnings" assumed they worked for the money, and hence deserve it fairly.
As opposed to taking/stealing/robbing/leeching it.