Tag Archives: facebook

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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Facebook Spends $20 Million to Quiet Gentrification Critics Near Its Headquarters

Facebook is making good on its promise to build affordable housing near its headquarters in Menlo Park. The social media giant announced plans on Friday to build new housing in the area to offset concerns about the controversial
1.1 million square-foot expansion of its headquarters.

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