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Negative news against Facebook cannot slow down its amazing growth story

Bucky

Bucky

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Facebook posted strong financial numbers for its fourth quarter Wednesday, beating on earnings and revenue and sending shares up more than 7 percent in extended trading. Active user metrics continue to rise, though slowly.

Here's how the company did compared with what Wall Street predicted:

Earnings: $2.38 per share, vs. $2.19 forecast by Refinitiv consensus estimates
Revenue: $16.91 billion, vs. $16.39 billion forecast by Refinitiv consensus estimates
Daily active users: 1.52 billion, vs. 1.52 billion forecast by Refinitiv consensus estimates
Monthly active users: 2.32 billion, vs. 2.32 billion forecast by Refinitiv consensus estimates
Average revenue per user: $7.37, vs. $7.11 forecast by FactSet estimates

All signs point to a strong financial quarter for Facebook, despite growing public outrage over the company's privacy practices.
Click to expand...

https://www.cnbc.com/2019/01/30/fac...8.html?__source=sharebar|twitter&par=sharebar

If Facebook merges WhatsApp, Instagram and Facebook Messenger, like they plan to do, it will be nearly impossible to break them up. A real power house. The companies demise has been greatly exaggerated.
 
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