Despite the fact that they had a 42% greater revenue than last quarter, Facebook still didn't meet expectations for revenue, despite their Earnings Per Share beating and is down 8% in after hours trading because of it. It was a 120 Million Dollar miss on revenue estimates, which could have been caused by many things, one thing being the data scandal that they are/were involved in this year. Other positives include the fact that their daily active users grew by 11% YoY; that said; Daily Active Users are an important metric for Social Media Platforms, so the continued growth in that realm is a good sign for them.
Facebook Down 8%, Revenue Failing Expectations
6 years ago by biddle (61)
$1.80
- Past Payouts $1.80
- - Author $1.59
- - Curators $0.21
212 votes
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Yes. @biddle
You may also like Facebook: the end of the beginning?
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Awesome Article! :)
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Thank you. @biddle
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You're very welcome! :)
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I find it interesting that they are seeing an increase in activity when the narrative a few months ago was that they where struggling to keep the younger generations on board.
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I think seeing other platforms fail is good for steemit.
It is bad thinking.
but true
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Agreed.
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In my opinion in upcoming years numbers of Facebook will going to decrease because as we know that Crypto Sphere will going to take over and there are many opportunities where users getting rewards for their efforts and in contrary Facebook is not giving inreturn anything.
Steemit is going through it's infant stage and for sure gradually it will grow because already on Steem Blockchain so many Dapps are running and the number of Dapps are increasing on regular basis so the growth aspect will not go anywhere.
Now just we have to wait for the Hardfork and SMT's and then it will going to prove as game changing aspect.
Wishing you an great day and stay blessed. 🙂
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Your update news is very good .
This news is helpful for crypto market .
I think about that steemit is better than facebook .
I belive that steemit is great future .
Thanks for sharing @biddle
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We already have a million accounts on Steemit, and the highest number of transactions takes place on the Steemit blockchain.
We are the future.
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Steemit is 100% better of Facebook
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now its 20-24% ... its all about the userbase.
Take 2.5 billion MAUs (FB, Insta, WA) and modell it via metcalfe and you get the "fair/intrinsic" value aka the network value(because there are language bariers you need a modified version of metcalfe)
implementation of Cryptocurrencys will make Facebook even bigger. It will grow. In Networks there is the tendency of clustering of information, there will never be a normal distribution or smth like this, it will always be fat tailed and facebook will stay in the tail. Its nothing compared to the volkswagen "scandal" and now they are back and get even bigger...all the FUD is bullshit an opportunity for rich people like buffet and co.
They WILL enter the biggest sector out there, which is the financial sector. Imagine they buy coinbase or any other exchange. No body knows but beeing pessimistic because of low revenues...please...
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One sure thing is Mark ain't going down without a fight 😁
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Definitely due to the scandal and Zuck's refusal to step down
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Would steemit overrun facebook eventual, that's anyone's guess. There are however major improvements that steemit needs to undergo. Nice write up as always @biddle
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the future of steemit is bright and we believe that
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steemit is more better than facebook and we all know that.
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And so it begins😈
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The stock was priced for perfection as Netflix was. One hiccup is all it takes to drive a stock down when a surprise occurs. With good companies, the situation will get corrected. Good post.
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hey @biddle.... I don't know if you use @minnosbooster systems, but I invite you to the whitelist. Cheers!
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I think steemit is better than Facebook
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Great update..
Its good for cryto market... @biddle
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Steemit young. But better than facebook at all.
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I believe steemit platform giving us brightness future. Interesting review @biddle.
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