Tech Break

Jul 27th 2016

Tech Break 2866

Facebook Crushes Earnings

Facebook now has 1.13 billion daily active users on average
Category: TWiT Bits

Jason Howell and Megan Morrone discuss Facebook earnings. The company now has 1.13 billion daily active users on average for June 2016, an increase of 17% year-over-year. The social network also announced a profit of 97 cents per share on $6.44 billion in revenue for the quarter. That’s 15 cents more than analysts had predicted, almost half a billion more in revenue. Facebook’s generating more money per user than expected, at $3.82 per user - 22 cents higher than estimates.

Full episode can be found at twit.tv/tnt/1564

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