Jul 27th 2016
Tech Break 2866
Facebook Crushes Earnings
Facebook now has 1.13 billion daily active users on average
This feed has been discontinued, but you can find the clips in our archives.
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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