Wednesday, January 27, 2016

Facebook Sales Soar 52%, Eclipsing Forecasts - The New York Times

Also see Facebook Building a Network for Virtual Reality (NYT)

"Facebook’s results offer a bright spot in a tumultuous climate for many American technology stocks. Shares of Twitter, Facebook’s most visible social networking competitor in the United States, have tumbled more than 55 percent over the last year. Yelp, the local-review service, is down around 60 percent. LinkedIn, the professional social networking service, is off about 19 percent.

Unlike its contemporaries, however, Facebook enjoys regular visitor numbers and revenue growth that show no signs of stumbling. Facebook now has 1.59 billion monthly visitors, up 14 percent from a year earlier. Some 1.44 billion of those people visit the site from a mobile device; 1.04 billion visit Facebook every day."
Facebook Sales Soar 52%, Eclipsing Forecasts - The New York Times
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