Some fun Facebook facts from the earnings call/report
- Facebook has a massive, $35.5 billion hoard of cash, cash equivalents and marketable securities. It's the third biggest S&P 500 company by this metric that isn't paying a dividend, after Berkshire Hathaway and Alphabet.
- Facebook's headcount is now at 20,658. That's up 43 percent since last year
- Average Revenue Per User Rises 23% to $4.73, Down from 4Q 2016
- Facebook Offers No Break Out of Instagram Revenue
- 2Q Daily Active Users 1.32 Billion, Monthly Active Users 2.0 Billion
- Shares Up 1.6% After-Hours, Near Session Highs
- Zuckerberg: WhatsApp and Instagram Stories each have more than 250 million people using them daily. Each of those is a single SNAP whose entire daily user base is around 170 million.
Wow, this is a company that is killing it right now.
Facebook and Google combine to account for up to 99% of advertising growth.
As this relates to SNAP, I have to think that investors will spend atleast a year spending marketing budges with SNAP but after that, RIP Snap......
Also as a crazy aside, Meg Whitman just resigned from the HP Board and has been reported to be visiting Uber.....
- Facebook has a massive, $35.5 billion hoard of cash, cash equivalents and marketable securities. It's the third biggest S&P 500 company by this metric that isn't paying a dividend, after Berkshire Hathaway and Alphabet.
- Facebook's headcount is now at 20,658. That's up 43 percent since last year
- Average Revenue Per User Rises 23% to $4.73, Down from 4Q 2016
- Facebook Offers No Break Out of Instagram Revenue
- 2Q Daily Active Users 1.32 Billion, Monthly Active Users 2.0 Billion
- Shares Up 1.6% After-Hours, Near Session Highs
- Zuckerberg: WhatsApp and Instagram Stories each have more than 250 million people using them daily. Each of those is a single SNAP whose entire daily user base is around 170 million.
Wow, this is a company that is killing it right now.
Facebook and Google combine to account for up to 99% of advertising growth.
As this relates to SNAP, I have to think that investors will spend atleast a year spending marketing budges with SNAP but after that, RIP Snap......
Also as a crazy aside, Meg Whitman just resigned from the HP Board and has been reported to be visiting Uber.....