"Facebook’s fourth-quarter sales, announced Wednesday, handily beat Wall Street estimates. And even a $500 million jury verdict that went against the company earlier in the day did little to diminish enthusiasm about its finances.Facebook’s Loss in Court Doesn’t Dim Excitement Over Huge Growth - The New York Times
Facebook said sales had totaled $8.8 billion in the fourth quarter of 2016, up 51 percent compared with a year ago, surpassing analysts’ expectations of $8.5 billion. Not surprisingly, user growth is at a peak.
The controversy over fake news seemed to have little effect on users’ appetite for the website. Total profit for the quarter was $3.6 billion, annual ad revenue was up roughly $10 billion compared with 2015, and more than half of the site’s 1.86 billion regular visitors used it daily."
Thursday, February 02, 2017
Facebook’s Loss in Court Doesn’t Dim Excitement Over Huge Growth - The New York Times
That's a lot of faces (and ads)
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