Facebook says quarterly profit climbed to record $9.3b

Facebook says quarterly profit climbed to record $9.3b

The company brought in $16.9 billion in revenue, up 30 percent year-over-year and beating analysts' predictions of $16.39 billion.

The company has a market cap of $436.97 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 0.96 and a beta of 0.58.

Besides this fact, Zuckerberg does not doubt Facebook's power of improving people's lives and transforming the world.

Zuckerberg has consistently defended the social network's business of keeping the service free by targeting ads based on interests, adamant the social network does not sell people's data.

New data-privacy rules in Europe may have limited this data harvesting slightly, but that's hit smaller competitors more than the two giants. The stock rose 4.3 percent in the regualr session.

Most backlash against the proposed integration is likely to come from outside of the US. He said the move is "a 2020 thing or beyond". "Advertisers don't listen to either of those groups - they listen to consumers". "Advertisers are clearly still very reliant on Facebook".

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Facebook announced during its quarterly earnings call that it will begin phasing out these metrics for its main app, instead opting to disclose numbers for its "family" of apps, which includes Facebook, Instagram, Messenger, and WhatsApp. Ruggie Capital Group now owns 446 shares of the social networking company's stock valued at $58,000 after purchasing an additional 156 shares in the last quarter.

While Zuckerberg wouldn't provide too many details as to the actual plan for allowing Instagram, Messenger, and WhatsApp users to communicate, he did elaborate as to why the company is pursuing it. Those newer ads are less lucrative at the moment.

Co-founder Mark Zuckerberg, 34, is the undisputed leader as chairman and chief executive.

These metrics are a key signal to investors and others about how the company is doing and how quickly it's growing. If it can overcome its management, privacy, and security issues, it will remain a dominant force in social networking and online advertising - which makes it a solid long-term buy. Finally, Tigress Financial reaffirmed a "buy" rating on shares of Facebook in a research report on Thursday, December 20th. The Menlo Park, California-headquartered company also in June enabled a shopping feature on Stories to enable companies to sell their products through creative stories.

While employees complained on internal message boards about how hard it was to do their jobs, Chief Operating Officer Sheryl Sandberg brushed off those concerns in an interview with Bloomberg Television. Why do you think Facebook seems so indestructible? Operating income increased modestly, up 6%, to $7.8 billion as the bulk of the profit growth came from a sharply lower tax rate, which was expected. Analysts were looking for per-share profit of $2.18.

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