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crudeoil24

04/28/16 8:58 AM

#44724 RE: crudeoil24 #44723

Wow, 52% revs yoy > Zuckerberg on Q1 2016 Results - Transcript

http://dtn.fm/7mVsY

We started 2016 off well. 1.65 billion people now use Facebook every month and 1.09 billion people use Facebook every day. In recent weeks, we're also consistently seeing more than 1 billion people using Facebook on mobile every day.

We're also pleased with our business results. Total revenue this quarter grew by 52% year on year to $5.4 billion, and advertising revenue grew by 57% to $5.2 billion. I'll have more to say about these results in a minute, but first I want to talk about a proposal by our Board of Directors to reclassify Facebook stock.

Click the link for complete transcript