Facebook reported fourth quarter earnings and revenue Wednesday that topped estimates across the board.
Mark Zuckerberg's social media giant recently posted a strong quarterly revenue report, with growth amounting to 51% compared to the year before.
Mobile ad revenue accounted for 84 percent of company's total advertisingrevenue of $8.63 billion in the fourth quarter ended December 31, compared with 80 percent a year earlier.
"Our mission to connect the world is more important now than ever", said Mark Zuckerberg, Facebook founder and CEO. He explained that "we're focusing on shorter form content to start", and that the company needs to build a sustainable ad revenue sharing business model to pay professional creators to bring that content to Facebook, Tech Crunch reported.
Total daily active users climbed 18 percent year-over-year to 1.23 billion, and mobile daily active users jumped 23 percent to 1.15 billion. That said, Facebook's user growth is slowing down in the USA and Canada as the company only added 2 million daily and monthly users in their fourth quarter. Profits more than doubled from a year ago, to $3.6 billion, or $1.21 a share. This platform accounted for 84 percent of the total revenue and includes sales from Apple's suite of apps such as Instagram and the social media's own video platform.
$27.638 billion in total revenue, a 54.2% increase from $17.928 billion in the same period a year ago.
Despite the impressive earnings, Facebook experienced its share of turbulence, during the fourth quarter.
Facebook hasn't hit 2 billion users per month, but it's getting pretty damn close. The present user base of Facebook stood at 1.86 billion monthly users.
Shares rose $3.08, or 2.3 percent, to $136.31 in after-hours trading.
The reason: Facebook has almost saturated the number of ads it can put in front of users.
Our biggest focus continues to be putting video first across our family of apps.
Facebook has been adding features to attract more users and retain those already on the network, with a feature to tackle fake news posts being the most recent addition, after the criticism that followed the U.S. election on November 8.
He said the statement was crafted with help from an individual who "is both Jewish and the descendant of Holocaust survivors". Bush and Barack Obama have noted in their statements that the principal aim of the Holocaust was the genocide of the Jews .
Murkowski also shared her colleague's concern about the enforcement of IDEA under a DeVos-led education department. They had opposed DeVos' nomination but "wanted to let all senators vote on this nomination".
The protesters, who began their climb early Wednesday, came down after 10 p.m. and were taken into custody. Police said the activists " illegally obtained access to a construction site by breaking the locks ".
The lava stream is perched high on a cliff and causes explosions as the molten rock flows into the ocean. The USGS website states Kilauea, "will surely continue to erupt through the rest of human history".
Wada defines specified substances as those that are more susceptible to a "credible, non-doping explanation". Carter ran the first leg for Jamaica's 4X100-meter relay team, which set a new world record in Bejing.
Family members surrounded the tandem as they sang "Happy Birthday" to the boy who flew over with a relative to see his mother. Trump defends the controversial immigration ban saying quote, "this is about terror and keeping our country safe".
That injury led to the Vikings sending away a first and fourth-round pick to the Eagles in return for QB Sam Bradford . Bradford is a capable fill-in option, but for now, the future will have to wait for Bridgewater.
A series of powerful storms have brought plenty of rain and snow to California as it faced a sixth year of unprecedented drought. In the Sierra Nevada, a new round of blizzards closed highways and piled up enormous amounts of snow.
Vaughn Correctional Center in Smyrna began around 11 a.m., said Chelsea Hicks of the Delaware Department of Corrections. Firefighters were also called to the scene after reports of there being smoke at the scene.
To underscore this, The Coalition cited that 90 percent of the matches involved a mix of Xbox One and Windows 10 players. Thus, if they want to compete with their peers using platforms, Gears of War 4 players should be a little patient.
It deserted Chelsea last season but they are a club that has been transformed by the Italian's presence. Chelsea are going strong in the Premier League at the moment and are favourites to win the title.
Hundreds of people are now detained at several airports across the country and the stay order will prevent their deportation. The ruling affects only those travelers who had already arrived in the US after the president's order went into effect.
The FCSM will have a board of directors consisting of three executives from each company and a rotating chairperson. GM and Honda say cooperating on developing a next-generation fuel cell will slash costs and boost efficiencies.
The US now has 5,000 troops in Iraq and 500 in Syria as "advisers" - but also artillery and aircraft to help in the fight. Mattis is to conduct a "readiness review" within 30 days that will assess military needs.
Former Exxon Mobil CEO and chairman Rex Tillerson was confirmed as secretary of state by the Senate on Wednesday. Unless Democrats agree to expedite the process, the Senate will vote on Tillerson's nomination on Wednesday.
Besides, Indian IT companies have also been ramping up local hiring even as the move impacts their margins and profitability. Darrell Issa, R-San Diego, introduced a bill to raise the minimum salary covered by the visa from $60,000 to $100,000.
The FSB doesn't just spy: It also regulates the import and sale of products featuring encryption technology, like Apple iPhones. This change marks a divergence between the current and previous administration, which put the sanctions in place.
On Monday, India Today reported that Mulayam has asked party workers to fight against Congress' 105 candidates in the state. They have all worked hard, what will happen to them now. "Since that day, Netaji and I are being targeted", he said.
He added, "We want to ensure that we are not admitting into our country the very threats our soldiers are fighting overseas". In an interview with Christian Broadcast Network , Trump said he would give priority to Christina refugees .
But Mr Duterte's popularity remains high in the Philippines where drugs have ravaged impoverished communities. The Philippine National Police is known as one of the country's most corrupt institutions.
The 41st president, age 92, was taken to Houston Methodist Hospital on January 14 suffering from bacterial pneumonia. He was hospitalized in 2015 in ME after falling at his summer home and breaking a bone in his neck.
The pair also discussed efforts to reunite Cyprus and to tackle the threat of the Islamic State terror group in Syria. Mrs May was greeted by Mr Yildirim with a military band playing the national anthems of both countries.
Not everyone that comes in knows about it, but once they leave, they do and they can feel the Chinese New Year .. The largest human migration in the world sees a billion people in China travelling at the same time .
At the Canberra protest, Alan Thomas Coe said that the date should be moved because it conjured up a "bad memory" for many. This is a day most Aussies look forward to: a day off work with friends and family, food, fun, and laughter.