As its biggest rivals stumble, Facebook wildly beat Wall Street’s expectations when it released its earnings yesterday. The company said that it now reaches more than a billion people every day and 1.65 billion people every month. Profits for the first three months of the year tripled compared to the same time last year to $1.5 billion on $5.3 billion in revenue. In response, Facebook’s stock hit an all-time high this morning.
Google had a big 2015: It changed its logo, divvied up its business into startups like Sidewalk, Calico, X, Fiber, and consolidated all those companies into one brand named Alphabet. Now Alphabet is very, very close to being named the world’s most valuable company—yes, more valuable than Apple.