May 17, 2020

Facebook unveils Q2 earnings report as social network hits 2bn users

Facebook
WhatsApp
Mark Zuckerberg
Report
Callum Rivett
2 min
Social media is a staple of everyday life, and recent statistics from WhatsApp and Facebook in their quarter two earnings report further emphasise that...

Social media is a staple of everyday life, and recent statistics from WhatsApp and Facebook in their quarter two earnings report further emphasise that, with around two billion people using Mark Zuckerberg's platform alone.

WhatsApp announced that it has one billion daily active users, but this figure rises to 1.3bn when the date range is expanded to one month. 

This shows just why Zuckerberg was willing to shell out $19bn in 2014 for the messaging app, two years after the $1bn purchase of Instagram.

Around 55 billion messages are sent on the chat platform every single day, whilst the new Status feature - similar to Snapchat and Instagram Stories - now has around 250mn daily active users, despite little fanfare.

WhatsApp Status
WhatsApp Status

This is, however, more users than what rival Snapchat currently boasts - Evan Spiegel's photo networking holds 166mn daily users but the company also announced net losses of $2.2bn in its first quarter earnings report in May.

Stock prices plummeted as Zuckerberg continues his mission to clone Snap's features after his offer to buy the company was turned down in 2013.

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Meanwhile, Zuckerberg's other social network Facebook recently hit two billion users - an average of 580,000 a day since hitting one billion in October 2012.

Facebook's earnings beat estimates and hit $9.32bn, despite slower growth due to Facebook's warning that it was running out of space in the news feed to show advertisements.

Profits for Q2 reached $3.894 billion and that means that for the first time in history, Facebook made more profit than Google, helped by the European Union fining the latter $2.7bn under its anti-trust guidelines.

Users grew by 3.4% when compared with last quarter's statistics, whilst overall growth is 17% year-on-year, which prompted a post from Zuckerberg saying: "We're making progress connecting the world, and now let's bring the world closer together."

WhatsApp statistics

 

 

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Jun 4, 2021

Logi Analytics Webinar: Meet the speaker

LogiAnalytics
Webinar
Data
Technology
2 min
Join Technology Magazine and Logi Analytics for this exclusive webinar as we explore the revolutionary power of next-generation embedded analytics

Data allows business owners to leverage digital insights and embrace the power of data-driven business intelligence to make more informed decisions that are better for business growth and evolution. By using data to drive its actions, an organisation can contextualise and/or personalise its messaging to its prospects and customers for a more customer-centric approach.

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The webinar will be led by Constellation Research’s Principal Analyst, Doug Henschen, who focuses on data-driven decision-making. Henschen’s Data-to-Decisions research examines how organisations employ data analysis to reimagine their business models and gain a deeper understanding of their customers.

Henschen's research acknowledges that innovative data analysis applications require a multi-disciplinary approach starting with information and orchestration technologies, continuing through business intelligence, data visualisation, and analytics, and moving into NoSQL and big-data analysis, third-party data enrichment, and decision-management technologies.

Constellation Research is a technology research and advisory firm based in Silicon Valley. Prior to joining Constellation, Doug Henschen led analytics, big data, business intelligence, optimisation, smart applications research, and news coverage at InformationWeek.

What will the webinar cover?

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Logi Analytics is the only developer-grade analytics solutions provider focused exclusively on embedding analytics in commercial and enterprise applications, empowering the world’s software teams with the most intuitive data analytics solutions and a team of dedicated professionals invested in your company’s success.

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