Facebook’s growth not troubled by scandals and privacy rage

Facebook Stock Is Up Because Earnings Crushed Expectations

Indeed, Facebook grew both profits and revenues for both its fourth quarter and year end 2018 results, despite concerns that growth was slowing after the firm was plagued with mutiple problems in 2018. The business had revenue of $16.91 billion during the quarter, compared to the consensus estimate of $16.40 billion.

Facebook has grown the number of staff 42 percent in the past year and total headcount is now sitting at 35,587 people.

Facebook shares jumped 7.7 percent to $161.99 in after-market trades that followed release of the earnings.

Instagram's Stories product has 500 million users now, Chief Executive Officer Mark Zuckerberg said on the call.

The social media giant now has 2.32 billion monthly active users (MAUs) globally - an increase of 9% (year-over-year) - and 1.52 billion daily active users (DAUs), thanks to the growth in emerging markets like India, the company said late Wednesday.

At the time the report stated that Mark Zuckerburg was personally involved in the project and was pushing for its completion.

Aaron Goldman, CMO, 4C Insights, said: "Facebook's Q4 performance represents continued advertiser confidence in the company's suite of platforms".

Facebook ads, and those of larger rival Google, are still more relevant and effective than most other options, precisely because the companies collect so much information on activity across the internet and beyond. Net income rose from $4.3 billion to $6.9 billion in the fourth quarter of 2018. The CFO did note the company is facing a deceleration of revenue growth in 2019.

"Between the intellectual tech press and the Washington elite, there's a huge disconnect between the news and what the rest of the world is doing", said Richard Greenfield, an analyst at BTIG LLC in NY. However, those figures were boosted by two things: a much lower effective tax rate (which fell from 43% to 14%) and $12.9 billion in share buybacks over the past year. FMR LLC now owns 124,255,610 shares of the social networking company's stock worth $20,435,077,000 after acquiring an additional 2,132,804 shares in the last quarter.

This appointment has been announced just days after Facebook revealed its plans of integrating WhatsApp, Facebook Messenger and Instagram to allow users to message each other across platforms. He also highlighted the possibility that Messenger - and the combined WhatsApp / Instagram system - could serve as an iMessage-like layer for SMS that would offer more functionality and security.

Stories are growing amongst advertisers as well, with 2 million now buying Stories ads across Instagram and Facebook.

"We have learned in capitalism that when companies get a lot of power and say they are doing what is best for you, we need to scrutinize them more", Bernoff said.

As Facebook shifts its focus away from clickbait to emphasize "meaningful" interactions and fights a seemingly never-ending cycle of bad press, it's less clear what engagement with the main Facebook app looks like.

Related news:

Hot News

isis-killer-beheading-video-story-top Earth's Magnetic North Pole May Have Just Officially Shifted
Feb 07, 2019 - 12:40
Although not a problem for the general population, the effects of a shifting pole are creating headaches for military systems. This is the Earth's magnetic field , but perhaps not for much longer, because scientists fear the magnetic field will flip.

isis-killer-beheading-video-story-top Ariana Grande not performing at The Grammys 2019
Feb 07, 2019 - 11:12
The song is the second track from her new album " thank u, next " expected to be released February 8 before the awards show. Ariana and the Recording Academy have yet to confirm this report, and HollywoodLife has reached out to both for comment.

isis-killer-beheading-video-story-top Endgame' Teaser Dropped Mid-Super Bowl & It'll Give Ya Chills
Feb 07, 2019 - 10:15
Rumors are brewing among Marvel fans who believe the studio is going to extreme lengths to keep Avengers: Endgame spoilers at bay. The trailer begins by showing the apocalyptic skyline of New York City and slowly reveals a support group for those left behind.

isis-killer-beheading-video-story-top Viral Instagram Egg Partnered With Hulu To Raise Mental Health Awareness
Feb 07, 2019 - 08:29
The egg first captured the world by storm with it's arrival to Instagram - where it received millions of likes and followers. The page was set up at the start of January, and encouraged people to make its only photo the most-liked post on Instagram .

isis-killer-beheading-video-story-top Trump's Speech Offers Democrats Sugar and Vinegar
Feb 07, 2019 - 08:12
In the chamber, there has always been a growing gender divide with Democratic women outnumbering Republicans. Correction: February 6, 2019 12:00 am - A previous photo caption in this story misspelled Rep.

isis-killer-beheading-video-story-top Talks With Taliban "Constructive", Hope To Reach Settlement: Donald Trump
Feb 07, 2019 - 08:03
He pledged, 'We're going to stay in the region we're going to be prepared to strike back at ISIS'. IS has lost more than 99 per cent of the territory it once held in the two countries.

isis-killer-beheading-video-story-top Happening today: The Venetian, Downtown Summerlin parades celebrate Chinese New Year
Feb 07, 2019 - 04:37
If you are lucky enough to be born in the year of the pig you are believed to be optimistic , enthusiastic and hardworking. On Jan. 8 in the lunar year, households ignite firecrackers to welcome the "fortune god" to their home, according to Qian.

isis-killer-beheading-video-story-top Local health officials urge people to get measles vaccine
Feb 06, 2019 - 11:36
Early on, measles can look like many other viral illnesses, but the red blotchy rash that comes with it may help set it apart. Two doses of the vaccine are about 97 percent effective at preventing measles; one dose is about 93 percent effective.

isis-killer-beheading-video-story-top Facebook Messenger now lets you unsend your embarrassing messages - within 10 minutes
Feb 06, 2019 - 11:31
The functionality was originally introduced for Facebook executives in 2014, after Sony Pictures' email accounts were hacked. So, if you were hoping to clear out your cringeworthy chat history from years back, you're going to be out of luck.

isis-killer-beheading-video-story-top Russian Federation to build new missile systems after key nuclear treaty falls apart
Feb 06, 2019 - 09:32
Putin instructed the military to make sure the research and development works on new weapons don't swell military spending. The United States intelligence community internally calls the missile the KY30 or the SSC-X-9 SKYFALL.

isis-killer-beheading-video-story-top Lakers end Anthony Davis talks over Pelicans' demands
Feb 06, 2019 - 09:28
The New Orleans Pelicans can not allow themselves to get bullied into taking a deal early that doesn't net them the proper return. What's more, there's a small possibility that the Knicks could win the draft lottery and become viable candidates for a trade.

isis-killer-beheading-video-story-top USA general warns of IS threat ahead of planned Syria pullout
Feb 06, 2019 - 07:10
The government of Cameroon has apologized to Israel for an incendiary remark made by one of its officials describing the Nazi. It has begun to withdraw equipment from Syria and is expected to begin the drawdown of personnel soon.

isis-killer-beheading-video-story-top Super Bowl TV ratings hit 10-year low for Patriots win
Feb 05, 2019 - 07:13
Instead of watching the Super Bowl, thousands of New Orleans residents turned out for a combination demonstration/celebration. Both teams set records for fewest touchdowns - one for New England and none for L.A.

isis-killer-beheading-video-story-top Manchester United ready for 'tough' and 'enjoyable' top-four fight, says Solskjær
Feb 04, 2019 - 17:40
But we can beat anyone. "The best way to prepare for the PSG game is to try and win away at Fulham and that's the way I think". There is a great belief at United at the moment and I feel that Rashford has grown up a lot in a month.

isis-killer-beheading-video-story-top US VP says time for Venezuela's Maduro to go
Feb 04, 2019 - 17:10
On Saturday, Maduro said he was willing to sit down for talks with the opposition in an effort to promote national "harmony". It also voted to condemn the continued violence and the detention of journalists in the South American country.