Net profit was 4.9 billion US dollars, an increase of 101.6% compared with 2.43 billion US dollars in the same period last year.
Earnings per share were 1.71 US dollars, an increase of 101.2% compared with 0.85 US dollars last year.
In terms of revenue composition, Facebook’s revenue from advertising in the first quarter was US $ 17.440 billion, an increase of 17% from US $ 14.912 billion in the same period last year.
Facebook’s first-quarter revenue from payment and other service fees was the US $ 297 million, compared with the same period last year of US $ 165 million increased by 80%.
Facebook’s daily active users in the first quarter were 1.73 billion, an increase of 11% year-on-year: monthly active users were 2.6 billion, an increase of 10% year-on-year.
Facebook services (which includes services such as Facebook, Instagram, WhatsApp and Messenger) has an average daily active user count of 2.36 billion, an increase of 12% over the same period last year.
Facebook ’s average revenue per user in the first quarter was $ 6.95, an increase of 19% compared to last year ’s $ 6.09, and analysts generally predicted it to be $ 7.09.
As of March 31, 2020, Facebook ’s cash, cash equivalents, and negotiable securities were $ 60.29 billion.
Facebook founder and CEO Mark Zuckerberg said: “Our job has always been to help people stay in touch with the people they care about. As people rely on our services more than ever, We are focused on continuing to keep people safe and keep them informed and connected. ”
Facebook might be saying that its user base is increasing but the truth is that the innovators and early adopters are fleeing or leaving it in big numbers. Reason human mind wants something new always.
As more services are entering the market and trying to get attention of users, people are finding out that their needs cannot be fulfilled by a single social network ; they need multiple social networks and communication channels. Taking my example I use Facebook, Google+, Twitter,LinkedIn, Blogger, Pinterest , Youtube, Vimeo, etc. Our tastes and hunger for new are making us choose different channels for our social networking needs. The result is fragmentation in the channels of service.
It is all natural, in the life cycle of product to slowly lose its charm or unless it somehow becomes a living organism with its own reproductive system and evolution, one will eventually wither and die. Facebook cannot evade this process – it regenerates with nuances, but is not reinventing itself.
Lets look at Diffusion of Innovation chart by Everett M. Rogers
Jonathan says this curve is missing something important – the two-way migration that happens over time. When the late majority joins in, the innovators and early adopters are already feeling uncomfortable.
Hence he says the conclusion is undeniable; a new social network is needed. These are the things that will make it awesome and sustainable:
- The multiple expressive me
- Mobile first
- Localized recommendations
- Ownership
- Income and commerce
- Tool-set for hackers
- The future
There is one issue that surfaces each and every time Facebook announces something.
Well with the beginning of Facebook Messages that privacy demon is again at large. Because Privacy is What people want for their information.
Check this Series on Facebook privacy issues.
Facebook privacy policy makes it hard for Facebook apps to have optimized targeting? NOT
There is one issue that surfaces each and every time Facebook announces something.
Well with the beginning of Facebook Messages that privacy demon is again at large. Because Privacy is What people want for their information.
Check this Series on Facebook privacy issues.
There is one issue that surfaces each and every time Facebook announces something.
Well with the beginning of Facebook Messages that privacy demon is again at large. Because Privacy is What people want for their information.
Check this Series on Facebook privacy issues.
Evolution of facebook privacy
There is one issue that surfaces each and every time Facebook announces something.
Well with the beginning of Facebook Messages that privacy demon is again at large. Because Privacy is What people want for their information.
Check this Series on Facebook privacy issues.
