‘Facebook now draws 1 billion daily active users’ – ‘Mashable’
Jason Abbruzzese says, “Facebook has been just destroying expectations for its ad business recently. It finally showed some signs of slowing in the third quarter of 2015, but not many.
Doesn’t matter that much to investors, who just sent Facebook shares to an all-time high.
Facebook reported earnings on Wednesday that included less profit than had been expected at $0.52 per share, but $4.5 billion in sales, besting estimates.
“We had a good quarter and got a lot done,” said Mark Zuckerberg, Facebook founder and CEO, in the earnings release. “We’re focused on innovating and investing for the long term to serve our community and connect the entire world.”
Facebook continued to add users, with 1.55 billion monthly active users, a 14% increase from the same period in 2015. Many of those users visit Facebook everyday. The social network said in its earnings release that it now sees a little more than 1 billion daily active users“.
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