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Facebook’s multi user base now larger than China’s population

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By NewsGram Staff Writer

Facebook declared its first quarter revenue on Wednesday that signaled a strong user growth. In fact, the multi user base of the social media giant is now larger than China’s population.

The giant also reported its revenue of $3.54 billion on non-GAAP earnings per share (EPS) of $0.42. However, the figures did not meet the expectations of analysts who anticipated report earnings of 40 cents per share on $3.56 billion in revenue.

Just after the release of its fiscal first-quarter earnings, Facebook’s shares dipped down about 1.5%.

The first quarter operational highlights showed:

· Daily active users (DAU) were 936 million on average for March 2015, an increase of 17% year-over-year.

· Mobile DAUs were 798 million on average for March 2015, an increase of 31% year-over-year.

· Monthly active users (MAUs) were 1.44 billion as of March 31, 2015, an increase of 13% year-over-year.

· Mobile MAUs were 1.25 billion as of March 31, 2015, an increase of 24% year-over-year.

It was also declared the mobile ad sales shoot up Facebook’s performance. The firm reported that mobile ad sales were 73% of the total revenue, which is up from 59% of previous year figures.

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Hillary Clinton Wishes to Head the Facebook

The former US presidential candidate was at Harvard on Friday receiving the Radcliffe Medal, which honours people who have "had a transformative impact on society".

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In a bid to prevent foreign interference into elections, facebook has also begun labelling all political and issue ads in the us -- including a
Hillary Clinton is willing to head the Social media giant, Facebook. VOA

Former US Secretary of State Hillary Clinton might be willing to swap a life in politics to lead the world’s largest social-networking company, a media report said.

On being asked by Attorney General Maura Healey, a democrat from Massachusetts, which company she would want to be the CEO of, Clinton didn’t pause before quickly answering “Facebook”, CNET reported on Friday.

“It’s the biggest news platform in the world. Most people in our country get their news — true or not from Facebook,” Clinton was quoted as saying.

In a bid to prevent foreign interference into elections, facebook has also begun labelling all political and issue ads in the us -- including a "paid for by" disclosure from the advertiser at the top of the advertisement.
Facebook CEO of Mark Zuckerberg Wikimedia commons

The former US presidential candidate was at Harvard on Friday receiving the Radcliffe Medal, which honours people who have “had a transformative impact on society”.

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Facebook is working to win back its users’ trust following a series of recent controversies, including the Cambridge Analytica scandal, in which data from as many as 87 million Facebook users was improperly shared with the political consultancy.

In a bid to prevent foreign interference into elections, Facebook has also begun labelling all political and issue ads in the US — including a “Paid for by” disclosure from the advertiser at the top of the advertisement.

Advertisers wanting to run ads with political content in the US will also need to verify their identity and location. (IANS)

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GDPR Impact Makes Google And Facebook Face Over $9 bn in Fines

GDPR, designed to give individuals in the European Union (EU) more rights to control their personal information, came into effect on Friday

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