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It’s time for another quarterly earnings, that kooky game wherein companies announce how much cash they’ve raked in, and then investors spank or hail them without much correlation to reality. Now up: Facebook, which has just entered crazy new territory.
For the first time ever, more people are hitting the site via mobile web or app than are heading to Facebook.com on a real computer. That’s nuts. It seems FB is a small screen experience, not the network you first toyed with in your halls room. Financially, good and bad news. It beat expectations! Revenue hit £1 billion, which is better than everyone expected. And yet, the stock is tanking, because Wall Street is mentally ill. More people are using The Book than ever before (1.06 billion), more of them are using it on a phone than ever before (up 57 per cent from last year), and yet $FB has dropped 10 per cent in after-hours trading. The Zuck cannot win.
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All that money and he eats that shit.
I should have said what a waste of a Chicken.
I think the Chicken has done quite well for himself, put that poor hen.
What no jokes about the cock?
or choking the chicken.
“More People Are Using Facebook via Phone For the First Time Ever”
That is one messed up header. If it means more people are using Facebook via the phone then the ‘For the First Time Ever’ isn’t needed. Otherwise it sounds like you are saying the phone is the main access point for people coming across facebook for the first time – which I don’t believe is the basis of the article.
But doesn’t that stand to reason, I imagine someone could use Facebook on their phone on an hourly basis during a day, and maybe hit in once on a computer in the morning or evening. Yet they could spend 30 secs each time they use it on the phone, and use it for a hour in the evening.
PS. I hate grammar Nazis, but that header is just plain stupid.
Agreed, the title suggests that up till now less people have been using facebook via phone every time they’ve checked but thats suddenly reversed.
Nicely composed header, Biddle. I could have pulled better grammar out of my arse.
Errr, doesn’t it make sense that the stock will tank if users are increasingly using mobile platforms in favour of a big-screen experience?
Less screen space = fewer adverts = harder to monetise. Therefore investors worry about how they’re planning on squaring the circle of profitability.
The only time I see any adverts/sponsered posts on facebook is when I’m using my phone due to the lack of adblock. Could work out quite well for them.
Does Biddle own stock in Facebook or something?
I most do, I sitting here thinking the stock is seriously overvalued.
He must do…
Use Google+ instead!