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FACEBOOOK’S PROFITS MORE than doubled in the final three months of 2016, as the social media platform saw its audience grow and head towards the two billion mark.
The big jump in income announced last night came despite controversy swirling around Facebook’s role in spreading fake news, and a Texas jury ordering the company to pay $500 million to a software firm that claims its virtual reality technology was stolen.
Facebook CEO Mark Zuckerberg has described virtual reality as one of the company’s important long-range investments.
In earnings that beat most forecasts, Facebook said it made a net profit of $3.7 billion on revenue of $8.6 billion in the fourth quarter, 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 Facebook each month increased 17% to 1.86 billion.
The ranks of people logging into the world’s leading social network site from mobile devices each month grew to 1.74 billion, a 21% increase from the same period a year earlier.
Upwardly mobile
Income from ads on mobile devices accounted for about 84% of Facebook’s overall advertising revenue in the final quarter of last year.
Facebook saw strong growth in Asia, with India being a hot market. The social network site still hopes to get into China, where the service is banned.
“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.
Baird research analyst Colin Sebastian said in a note to investors that “few companies share Facebook’s combination of scale, strong technology orientation, and platform breadth/diversity.”
Facebook shares jumped more than 2% in after-market trades, returning to 15 cents above the closing price of $133.23 after chief financial officer David Wehner told analysts that the social network has run out of spare room for ads and plans to invest “aggressively.”
Company priorities include data centers, virtual reality, search and artificial intelligence.
AI has the potential to help find videos or other content people might like on Facebook, and to recognise and remove posts that violate community standards, according to Zuckerberg.
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Party based voting is a perversion of the democratic process. It should be illegal to force a TD to vote a certain way. They are supposed to represent their constituents views.
They are elected on a party platform as opposed to their own views. Therefore its reasonable to assume that most people voting for them are also voting on the party platform. It would then be wrong for them to suddenly decide that they don’t want to represent that platform. If that’s what they want they should go as an independent before the electorate.
There’s nothing wrong with party based voting, per se. It’s party based speaking time in the Dáil that’s the problem. The smaller your party, the less time you have to speak. If you’re an independent, you’re screwed unless you put together a technical group.
Is the catholic church or the government running this country ?
Or in other words ‘Is the catholic church or the government RUINING this country?
We have no idea how much the catholic church runs the government. Any politician that is catholic could face excommunication on these matters. Thats the gun being held to their head.Do we really want to live in a state run by an organisation without credibilty. This is a fight to the death for the catholic church. They see their power slipping away.
Since all the Sunday collections have nearly stopped the Fs (FG/FF) have directed larger amounts of tax payers money into church controlled charities (Ruhama, Immigrants Council of Ireland…).
Those charities in turn use their citizen paid PR departments to push church policy from an ‘independent’ advocacy position. The local TD gets to cut the ribbon at the next charity event, they get elected for ‘doing good for the community’ (non-church groups don’t have a chance) with the aid of the few votes the church can muster.
The whip ensures that there is no free vote and the church/government policy/finance/vote loop is closed.
There should be no obfuscation or waffling on this matter. We need to legislate with safeguards for all. Its a disgrace that we have, after all this time, exported our problems abroad as if it never happens. Typically Irish solution to an Irish problem, stick our heads in the sand and hope it goes away. We need “Savita” legislation now.
We need to legislate with safeguards for all…………………what in all that’s holy could this mean?
Meanwhile over 4,000 women still travel to the UK, it’s really time we face the reality instead of continuing to stick our heads in a sandbox
Another insult to our intelligence by the masters, Fine Gael. They haven’t the nerve to vote as a party on the matter after Savitas death,so are hoping to weasel around it with a free vote.
Don’t believe me? Where was Shatter calling for a free vote back in April on the same matter?
“an insult to our intelligence”…….mmmmmmm?
Has the Dáil ever had a free vote recently, it must be one of the world’s most whipped parliaments.
Any TD who votes no is blocking the democratic will of the people. No TD should even countenance voting no.
In terms of abortion in general, I don’t think parties should have policies other than a commitment to hold referenda or not. That said, every candidate should state the way they would vote on such matters before the election.
Dame Edna has said NO.
A free vote for all TDs is essential. Otherwise we will have a dictatorship headed by Dictator Enda!
Some say that the Supreme Court decision on the X case is probably incorrect and unconstitutional. If true why has the Expert Committee of Advisers not recommended a review of the X case before recommending legislation.FG gave a or election commitment that it would NOT legislate for abortion.It is now doing so. FG has adopted the policies of the Labour Party on abortion. If the government do not reassess its position FG will be wiped out at the next election. Remember the VAT on children’s shoes! Sad!
have your say