Wednesday, July 27, 2016

Facebook Trounces Wall Street Estimates With Sharp Ad Sales Growth - The New York Times

Meanwhile, Twitter Might Want to Steal From Yahoo’s Playbook (NYT on Verizon/Twitter scenario)

"Facebook Inc's quarterly profit and revenue blew past Wall Street estimates on Wednesday, sending its shares to a record high, as the social media company's popular mobile app and push into video attracted new advertisers and encouraged existing ones to spend more.

Facebook shares rose 6.5 percent in after-hours trading to $131.40, their highest since the company went public in 2012.

Mobile advertising revenue accounted for 84 percent of the company's total advertising revenue, compared with 76 percent a year earlier."
Facebook Trounces Wall Street Estimates With Sharp Ad Sales Growth - The New York Times
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