A quarter of the world’s population now uses Facebook every month
Facebook reported its first quarter earnings today. The company brought in just over $8 billion in revenue, a jump of 49 percent since the first quarter of 2016. That gave it a net profit of just over $3 billion, up a whopping 76 percent over the same period last year.
The company now has 1.94 billion monthly active users, up 17 percent from the first quarter of 2016. (Currently, the world population is estimated at 7.5 billion.) It didn’t bother to break out mobile users into a separate category, as it has in the past, a sign that mobile is now the default mode for engaging with Facebook.
Overall, these are stellar but predictable results, a continuation of the momentum the company has displayed over the last year and half. The one...