Facebook Hits 1.86 Billion Monthly Active Users as Earnings Surge

Facebook Hits 1.86 Billion Monthly Active Users as Earnings Surge

Facebook Hits 1.86 Billion Monthly Active Users as Earnings Surge
HIGHLIGHTS
Facebook said it made a net profit of $3.7 billion
Daily active users went up to 1.23 billion
India was a hot market in the fourth quarter
Facebook shares bounced Wednesday with word that profit more than doubled in the final quarter of last year, coming back down after a vow to spend heavily on the future.

In earnings that topped most forecasts, Facebook said it made a net profit of $3.7 billion (roughly Rs. 24,943 crores) on revenue of $8.6 billion (roughly Rs. 57,979 crores) in the fourth quarter, as compared with profit of $1.6 billion on $5.6 billion in revenue in the same period a year earlier.

Meanwhile, the number of people using the leading social network monthly increased 17 percent to 1.86 billion. The ranks of people accessing Facebook from mobile devices each month grew to 1.74 billion, an increase of 21 percent from the same period a year earlier. Daily active users went up to 1.23 billion, up 18 percent year on year, while mobile daily active users went up to 1.149 billion, up 23 percent year on year.

Money taken in from ads on mobile devices accounted for about 84 percent of the social network’s overall advertising revenue in the final quarter of last year.

“We believe concerns over user engagement and other social competitors are likely overblown, as few companies share Facebook’s combination of scale, strong technology orientation, and platform breath/diversity,” Baird research analyst Colin Sebastian said in a note to investors.

Facebook saw strong growth in Asia, with India being a hot market in the quarter. The social network still hopes to get into China, where the service is not allowed.

“Our mission is to connect everyone in the world and it’s hard to do that over the long term if we don’t find a way to serve the more than billion people who live in China,” Zuckerberg said while answering questions from analysts on an earnings call.

“But one of the big things that we need to think about here is of course we’re only going to do this in a he way that we’re comfortable with over the long term.”

Facebook shares jumped more than two percent in after-market trades, returning to 15 cents above the closing price of $133.23 after chief financial officer David Wehner reminded analysts that the social network has essentially run out of spare room for ads and plans to invest “aggressively.”

“Our business did well in 2016, but we have a lot of work ahead to help bring people together,” said Facebook co-founder and chief executive Mark Zuckerberg.

“Our mission to connect the world is more important now than ever.”

Tackling hoaxes
Under pressure to stymie the spread of fake news, Facebook last month modified its system for showing trending topics.

The change was intended to surface topics more quickly, capture a broader range of news, and help ensure that trends reflect real world events being covered by multiple news outlets.

Zuckerberg has sought to deflect criticism that the social network may have been used to fuel the spread of misinformation that influence the outcome of the 2016 US presidential race.
“We don’t write the news that you read but we want to be a place where people can access information and have meaningful conversations,” Zuckerberg said.

“In the past, we’ve taken steps to reduce spam and click-bait and now we’re you approaching misinformation and hoaxes the same way.”

Facebook executives expected spending on investment and hiring by the California-based company to leap 50 percent or so from last year.

Company priorities include data centers, virtual reality, search and artificial intelligence.

AI has the potential to help figure out and find videos or other content people might like at Facebook, and to quickly recognize and remove posts that violate community standards, according to Zuckerberg.

“There’s an increasing focus on objectionable content and a lot of unfortunate things that people share on Facebook,” Zuckerberg said, stressing that it was a small piece of what was is shared at the social network.

“AI is both going to be great for showing people content that’s really good and helping us enforce the community standards that we have to make sure that everyone has a good and fair experience.”

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Stolen tech suit
Zuckerberg described virtual reality as a long-range investment and asked investors to be patient.

“We are going to keep making big investments in VR content and I’m excited about what’s coming they 2017, from new games to more immersive educational experiences,” Zuckerberg said.

A Texas jury Wednesday ordered Facebook and creators of its Oculus Rift to pay $500 million to gaming software firm ZeniMax in a lawsuit that claimed the virtual reality technology was stolen.

The lawsuit claimed Oculus founder Palmer Luckey and his colleagues developed the virtual reality gear using source code illegally obtained from the gaming firm.

ZeniMax had sought $4 billion in damages in the case, in which Zuckerberg testified to defend his company.

Facebook acquired Oculus in 2014 for more than $2 billion and last year began selling the Rift headsets as part of the social network’s push into virtual reality.

Tags: Facebook, Facebook Earnings, Facebook Users, Social, Apps, Oculus ZeniMax Trial

[“Source-Gadgets”]

Facebook Messenger Hits 1 Billion Monthly Active Users

Facebook Messenger Hits 1 Billion Monthly Active Users

HIGHLIGHTS

  • Facebook has more than 1.6 billion users worldwide
  • Facebook’s WhatsApp too has crossed over 1 billion monthly active users
  • Instagram and Oculus too have a wide user base worldwide

Facebook said Wednesday the number of users of its Messenger application had topped one billion, a key milestone as it seeks to expand the platform to new services.

The growth in Messenger gives greater reach to Facebook, which is moving to create a “family” of applications beyond the social network.

“As part of this journey to one billion, we focused on creating the best possible experiences in modern day communications,” said Facebook vice president David Marcus in a statement.

“We remain focused on helping connect people to the people and businesses who matter most.”

Facebook itself has more than 1.6 billion users, and WhatsApp, another messaging application acquired by Facebook for some $20 billion in 2014, also counts more than a billion users.

Other services in the Facebook “family” include Instagram, which more than 500 million use to share images, and Oculus, which makes virtual reality gear.

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Marcus told AFP that Messenger’s key markets include North America, Australia, Britain, France, the Philippines, Thailand and several other European countries.

Facebook has been moving to make Messenger a “platform” with other services such as “bots” that deliver news or connect with retailers or other businesses, for example.

Marcus said Messenger has some 18,000 active bots and continues to expand the platform.

Messenger can help monetization because it keeps users in the Facebook ecosystem where they can be targeted with ads.

“We will see that happens in the coming months, but I think that once you have an ecosystem that starts working between businesses and so many users on Messenger, we’ll find more monetization vectors in the future,” Marcus said.

“But we aren’t at the stage where we are rushing to monetize.”

WhatsApp, which is managed independently, does not accept advertising but is exploring ways to allow businesses to use it to connect with customers.

According to the company, Messenger is the second most popular application in Apple’s iOS system behind Facebook itself.

Facebook said more than 17 billion photos are sent to friends through Messenger every month and that Messenger users have played 1.2 billion games of virtual basketball.

Tags: Apps, Facebook, Facebook Messenger, Messenger, Social

 

[“Source-Gadgets”]

Instagram Claims Over 500 Million monthly users, 300 Million daily

Instagram Claims Over 500 Million Monthly Users, 300 Million Daily

HIGHLIGHTS
Instagram had four hundred million users remaining September.
Instagram has eclipsed its rival Twitter.
facebook offered Instagram for $1 billion in 2012.
Instagram now boasts extra than 500 million users, extra than eighty percent of whom are out of doors the usa, the organization said on Tuesday, in a signal of the image-sharing app’s unexpectedly developingworldwide attain.

The employer owned via fb Inc had 400 million customers final September. It has visible its consumerbase extra than double over the past years. Instagram introduced that three hundred million humans used the app every day.

Instagram has quick eclipsed its competitors, drastically Twitter Inc , which has seen its consumer base stall at simply above 300 million. facebook has approximately 1.6 billion users.

facebook offered Instagram in 2012 for $1 billion, its first massive acquisition, a deal first of all met with skepticism.

Instagram has grown into one of the maximum famous social media apps international and is expected tocontribute significantly to fb‘s revenue, with research company eMarketer predicting the corporation will generate $1.5 billion (roughly Rs. 10,136 crores) in advert revenue this yr.

it is able to leverage fb‘s popular advertising technology and sources to goal notably uniqueaudiences.

Instagram said customers shared on common greater than ninety five million pictures and films each day, with posts garnering 4.2 billion “likes” every day.

© Thomson Reuters 2016

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Tags: Apps, fb, Instagram, Social, Twitter

Amazon top, high Video Now to be had as monthly Subscriptions

Amazon Prime, Prime Video Now Available as Monthly Subscriptions

Amazon is rolling out two new offerings for might-be customers that could greatly reshape the wayhuman beings interact with the organisation‘s Amazon prime service.

First, Amazon is making its streaming video service, prime Video, to be had month-to-month for $8.99. it really is a dollar less than what Netflix prices in step with month for its trendy fee tier.

2d, Amazon is making it possible to pay for a complete Amazon prime subscription on a monthly basis at $10.99 a month. for parents who have balked at Amazon prime‘s yearly $ninety nine price tag, thechange manner more flexibility to apply prime on a shortterm foundation.

(Amazon chief executive Jeffrey P. Bezos additionally owns The Washington put up.)

Breaking high Video out as a separate product appears surely aimed toward shooting the ever-increasingmarketplace for streaming video. together, Netflix and YouTube account for over 1/2 of all netconsumption, in line with Sandvine. Throw in streaming audio, and that parent jumps to 70 percentage.

Amazon wants to muscle its manner in there, too, but thus far its proportion of North American internetsite visitors stands at simply three percentage.

With experiments in authentic video consisting ofthe person within the excessive castle,” Amazon isbuilding the kind of extraordinary content material conflict chest that any net and media giant nowwishes to set itself aside. And in appealing immediately to twine-cutters and internet streamers with a standalone supplying, Amazon appears poised for a head-to-head fight with Netflix. but what additionallymakes this pass so exciting is that it helps shed some light at the way Amazon thinks about pricing.

one of the first matters you’ll note approximately this week’s adjustments is that high monthly is only $2 a month greater high priced than standalone high Video. On its face, this shows a large discrepancyamong high Video and all the different features you get as a prime member, which includes loose two-day delivery, unlimited picture storage inside the cloud and so forth. Are the logistics behind Amazontransport, the music licensing that gives you get admission to to streaming tune and all the negotiations with publishers for ebooks absolutely most effective well worth $24 a yr in step with consumer?

There will be some reasons for this. First, Amazon may be trying to use video clearly to collect more topsubscribers, whose number currently stands at an predicted fifty four million. The message might be,basically: Come for the video, live for all our immediately-gratification retail goodness. Upselling standaloneprime Video subscribers to complete high memberships would imply locking those new clients into thedependancy of purchasing almost everything from Amazon, as many americans have determinedthemselves doing.

right here‘s some other manner to look at: all of the non-video blessings of top are well worth way morethan $24 a yr, but it is essential to Amazon’s logo to make ebooks and loose delivery appearancereasonably-priced and smooth, that’s why even though it may cost a little Amazon extra to offer the ones offerings, they’re being given to consumers at a loss. this would be constant with Bezos’s overarching strategy. when the Kindle first debuted, as an instance, it changed into offered at cost, and Amazon made no profits on income of the tool. however in the long run, Amazon makes all of it againwhilst prime clients spend more money shopping for matters on Amazon than non-subscribers.

sooner or later, there may be an essential competitive motive why standalone prime Video is priced asit’s miles. all of it comes again to that original factor about Netflix. due to the fact Amazon is going after Netflix, it can’t manage to pay for to set the price plenty lower without sending the unintended message that possibly prime Video is an inferior product. So whilst month-to-month prime Video is a slightlyhigher deal than Netflix, reflecting its relatively lower profile and content choice, it’s now not dramaticallyless expensive by means of comparison, either.

© 2016 The Washington post

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Tags: Amazon, Amazon high, Apps, home amusement, net, high Video