Today, the Facebooks states have declared the social media platform which was in news since from a long time. A worldwide data scandal, calls for boycott, a federal investigation and the company CEO being requested to show up before a Congressional hearing.
As per the latest states: Quarterly income of $11.97 billion, a net income of close to $5 billion and 1.45 billion people who visit your service every day. It doesn’t look like we are talking about the same company, but we actually are and the company, as you would’ve guessed by now is Facebook.
The social media giant at the beginning of this week announced its quarterly results and surely gave CEO Mark Zuckerberg a reason to smile for the first time in a while. A typical “company statement” but the numbers are surely favourable for Facebook. According to gadgetsnow, here are some key takeaways from Facebook’s periodical results:
1. Facebook’s first-quarter income increased by 49% to $11.97 billion. Analysts had prophesied it would record $11.4 billion but the social network banged that. 2. Facebook’s net profit rose by 63% to $4.99 billion 3. As of March 31, the total amount of individuals who log into Facebook once a month is 2.2 billion. This has increased 13% year on year. 4. There’s an increase of 70 million regularly active users in the last semester 5. Almost 1.45 billion users across the world visit Facebook every day. This figure has gone up by 13% 6. It was also noted that in US and Canada, Facebook added one million users in the last quarter.