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.
Continue reading Why Facebook Is Killing It—Even When Nobody Else Is