Never miss a story

Get subscribed to our newsletter


×
Facebook reached 2.5 billion monthly users, up 2 per cent from 2.45 billion in Q3 2019. Pixabay

Facebook stock plunged more than 6 per cent in after-hours trading despite producing better earnings and revenue in the fourth quarter that ended on December 31, 2019.

Facebook reached 2.5 billion monthly users, up 2 per cent from 2.45 billion in Q3 2019., the company announced on Wednesday.


It now has 1.66 billion daily active users, up 2.4 per cent from 1.62 billion last quarter when it grew 2 per cent.

Facebook logged $21.08 billion in revenue — up 25 per cent year-over-year with $2.56 in earnings per share.


Facebook logged $21.08 billion in revenue up 25 per cent year-over-year with $2.56 in earnings per share. Pixabay

But net income was just $7.3 billion, up only 7 per cent (YoY) compared to 61 per cent growth over 2018.

Expenses grew to $12.2 billion for Q4 2019, up 34 per cent from Q4 2018.

“We had a good quarter and a strong end to the year as our community and business continue to grow,” said Mark Zuckerberg, Facebook Founder and CEO.

“We remain focused on building services that help people stay connected to those they care about.”

Also Read- UPI-Based Payments to be Rolled Out on WhatsApp: Mark Zuckerberg

Family daily active people (DAP) was 2.26 billion on average for December 2019, an increase of 11 per cent year-over-year while family monthly active people (MAP) was at 2.89 billion as of December 31, an increase of 9 per cent year-over-year.

Cash and cash equivalents and marketable securities were $54.86 billion.

Facebook employs 44,942 people now, an increase of 26 per cent year-over-year. (IANS)


Popular

Photo found on Pixabay

Books on Delhi

The city of Delhi has seen it all; from sultanate rule, to dynasties, and to colonial rule. From monarchy to democracy, Delhi has gone through its phases. But, in order to know and explore the nuances of Delhi, you must read these beautiful books.

1. City of Djinns: A Year in Delhi by William Dalrymple

Keep Reading Show less
Photo by Viator.

Ghats of Varanasi, one of the oldest cities of India

There are some of the Indian cities which are older than time. Therefore, we must know which cities are they, and what has been their history!

1. Varanasi (1200 BC–)

Keep Reading Show less

Human hair wigs have several advantages over synthetic wigs

By- Digital Hub

I prefer synthetic wigs as it isn't something that I would wear all the time - just when I look different. Additionally, their ease of use is an essential factor for me. However, suppose you're looking to wear a wig for a fashionable accessory or as a way for you to show your personality. In that case, I'd recommend buying multiple synthetic wigs of various styles and colors instead of only the one human hair wig at the same amount. However, be cautious - only purchase top-quality synthetic braids that are more expensive as you might be disappointed by the new style you've chosen.

Keep reading... Show less