Thanks to you, me and the other 1.59 billion users logging on each month, Facebook could report an emphatic set of strong financial results for the fourth quarter Wednesday.
The financial results showed quarterly revenue passing $5bn for the first time, as the company´s net income more than doubled in the fourth quarter of 2015. Advertising sales were up 57% over the previous year´s numbers in the last three months.
– 2015 was a great year for Facebook. Our community continues to grow and our business is thriving. We continue to invest in better serving our community, building our business, and connecting the world, Mark Zuckerberg, Facebook founder and CEO announced in the press release.
Zuckerberg´s current net worth now stands at about $47 billion, according to MarketWatch. You know that feeling when you make a casual $6 billion in a day? Yeah, neither do I – but it means you are ranked as the sixth richest person in the world.
As Facebook has signalled its increasing power and influence, it is putting itself in a position to challenge Google´s dominance of Silicon Valley.
– The more I look at Facebook, the more I see another tech giant with global ambitions: Google, Editor-at-Large of Mashable, Lance Ulanoff writes.
Sure, Google is a search engine and Facebook is a social network. But, Facebook is a far more fungible platform, capable of integrating into multiple parts of our lives and, perhaps, taking on those that might not seem like a natural competitors.
– Our strategy is working and we have many more opportunities ahead. So we’re going to keep investing to deliver more great results over the long term, Zuckerberg said.
