Everyone Wishes To Have Facebook Problem
Quote from Ndubuisi Ekekwe on January 31, 2019, 7:31 PMEveryone will wish to have Facebook problem. Yes, in a world where this social media giant is beaten up and down daily on privacy issues, election meddling, etc, the firm posted record numbers. What an execution team.
Facebook reported stellar fourth-quarter and year-end financial results Wednesday, as my new Fortune colleague Danielle Abril explores in some depth. Quarterly revenues jumped 30% to nearly $17 billion, an astounding growth rate off such a large number. Profits soared 61% to almost $7 billion. Facebook has more than 1.5 billion users, up 9% from a year earlier, again, a shocking increase given its saturation in richer countries and also notable for the broad geographic distribution of the user gains. (Fortune Newsletter)
Everyone will wish to have Facebook problem. Yes, in a world where this social media giant is beaten up and down daily on privacy issues, election meddling, etc, the firm posted record numbers. What an execution team.
Facebook reported stellar fourth-quarter and year-end financial results Wednesday, as my new Fortune colleague Danielle Abril explores in some depth. Quarterly revenues jumped 30% to nearly $17 billion, an astounding growth rate off such a large number. Profits soared 61% to almost $7 billion. Facebook has more than 1.5 billion users, up 9% from a year earlier, again, a shocking increase given its saturation in richer countries and also notable for the broad geographic distribution of the user gains. (Fortune Newsletter)