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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.
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.
Oh, it's not the stuff that folk post in FB that bothers me, it's the highly detailed tracking that FB is employing of everyone, FB users and everyone else, that concerns me.
Then what totally freaks me out is the company's continued attempts to obtain even more data than the user volunteered - like when they deliberately employed a workaround to get users contacts list on Android, despite the user denying them that privilege.
And that now we find out they deliberately and methodically misused their Apple Enterprise Developer License to totally bypass Apples walled garden to get kids and adults alike to install a VPN app which was then used to steal even more data.
And let's not forget that they're still fighting the lawsuit about the friendly chargebacks when they targeted kids and all but told them to grab their parents credit cards then start to place a shit ton of in-game charges on them.
But yeah, let's just blame the users because Facebook are just a bunch of saints, right?
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!
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.