Tag Archives: earnings

Facebook shows no sign of stopping, now has 1.86 billion users

Facebook is under quite a bit of pressure of late. It’s trying to fix the rise of fake news and clickbait on its News Feed and, more recently, it’s had to deal with the Zenimax lawsuit against Oculus. But all of that hasn’t eaten into Facebook’s bottom line. As its Q4 2016 earnings report shows, the company once again raked in cash hand over fist, with $8.8 billion in revenue and $3.56 billion in profit. Its user growth also continues to climb, with 1.86 billion monthly users and 1.74 billion logging in on mobile. Mobile advertising made up 84 percent of its revenue last quarter.

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GOOGLE HAS 7 PRODUCTS WITH 1 BILLION USERS

Google’s Gmail has surpassed a billion users. The search company’s Chief Executive Officer Sundar Pichai announced the milestone during the Google/Alphabet earnings call this afternoon. This marks the seventh Google property to reach the milestone. Gmail follows in the footsteps of Android, Chrome, Maps, Search, Youtube and the Google Play Store in reaching over one billion people.

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Tesla considers its own autonomous ride-sharing business

The best music often comes from the notes left unplayed, and so it was with the Tesla Motors Q2 earnings call with financial analysts this week. While we heard upbeat news about the Model X delivery schedule – and downbeat news about the company’s vehicle output forecasts and profit margins – perhaps the most interesting hook came from a question left unanswered.

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