Gadgetory

Facebook beats estimates and makes tons of money in the tech space we've seen a lot of social networks that just didn't make it remember livejournal or Friendster or myspace well it looks like Facebook will not join that list just yet facebook announced it earned 8.8 1 billion dollars in its quarterly earnings statement earnings beat analysts estimates they were expecting a koala 88.5 1 billion dollars of that 8.8 1 billion dollars Facebook's profit was 3.5 billion dollars last year over the same time period Facebook's profit was one point five six billion dollars that's a huge increase Facebook's monthly active user base grew to 1.8 six billion its daily active users were 1.2 3 billion on average for December 2016 there are approximately seven billion people on earth that would mean over twenty six percent of Earthlings are monthly active Facebook users seventeen percent are daily users think about that Mark Zuckerberg gave some insight into the future of Facebook particularly facebook video he says the company is interested in videos that users upload for friends as well as professional content the company is focusing on shorter form content to start zuckerberg says he wants people to turn to facebook when they want to watch new videos and return for episodic content episodic content that sounds like something Netflix or YouTube were try for more details check out cnet com I maya's act hard and I'll see you online