Facebook cruising with profits
posted on Apr 28, 2016 @ 11:57AM
Facebook Inc has shattered all the expectations and gained more than 50% profits in the first quarter of this year. It has recorded a profit of 1.5 billion dollars this quarter. This was of course a good news for the silicon valley which was hearing about some heavy losses these days. Even as the giants such as Apple Inc and Microsoft has heavily missed their targets, FB seems to have reached the bulls eye. The unexpected profits were being attributed to the user friendly features such as live video that were being introduced by the corporation.
Shifting of advertisements by the companies from TV’s to websites is also seen as a reason for the high proceeds. The usage of Facebook too has increased to a higher extent. While there were 1.44 billion users for the FB in march 2015, the number has risen to 1.65 billion this year. The profits of FB has of course effected it’s share prices, which has gone up by 9.5% after the news. Well! A baby girl seems to have brought some good luck to Zukcerberg.