Live data from Hacker News

Facebook Profit Jumps 71% Year-over-Year

wsj.com

61–70 of 294 posts

Re: Facebook Profit Jumps 71% Year-over-Year

#61
post #32
post #25

Earlier quoted context omitted.

Yes. Isn't a basketball game a competition?

When two teams easily win unless they play each other, is it a competitive league?

On a tangential note, that might not be the case anymore next year. The Thunder got Paul George, the Rockets traded for Chris Paul, Gordon Hayward is now on the Celtics, and Jimmy Butler is in Minnesota. Meanwhile, there's rumors that Kyrie Irving wants to be traded.

Re: Facebook Profit Jumps 71% Year-over-Year

#62
post #33
post #17

Earlier quoted context omitted.

Important to remember that advertising revenue _always_ peaks in Q4, and that was an election year too, so even if they're down YoY this Q4 I wouldn't worry too much about it.

Given Facebook's global reach, every year is going to be election year. I appreciate nobody spends on elections quite like the USA, but there's still a lot of money to go around in other countries.

> I appreciate nobody spends on elections quite like the USA

The scale is nowhere close. Maybe if you include black money, India might be a contender, but how much of that is spent online?

Re: Facebook Profit Jumps 71% Year-over-Year

#63

Where are all the "analysts" from hn claiming fb wouldn't make it? Thats right. They left. Moral of the story is.... Never believe the consensus that is hacker news. Dare i say inverse Edit: why the downvotes? Is it because my networth is 23 mil?

The consensus I remember was that Facebook posed a real threat to a free and open internet, because it's a kind of walled garden. That consensus, alas, is as current as ever.

Re: Facebook Profit Jumps 71% Year-over-Year

#64
post #30

Earlier quoted context omitted.

As far as I understand, In the US monopoly is fine unless it leads to increase of price paid by consumers. EU probably has different opinion.

Didn't the article state that advertisers are indeed paying higher rates?

fb can claim (maybe legitimately) that the higher rates are thanks to higher quality performance in the form of conversion rates on various things.

Re: Facebook Profit Jumps 71% Year-over-Year

#65
post #59

Interesting thing is that GOOG's results which were released several days ago weren't so stellar. It's good to see real competition in advertisement market.

Not surprised. My wife started a local franchise that provides a service and I've been doing the Internet marketing. I ran local ads on Google...lots of clicks and cost lots of money...but no one came in saying they were referred by Google. Other owners I've talked to told me to use Facebook, it's more effective.

Google probably saw the writing on the wall, hence Google+...

Re: Facebook Profit Jumps 71% Year-over-Year

#66
post #29

Earlier quoted context omitted.

99% of the growth!! Thoughts on anti-trust? If you're capturing every single part of the growth of a huge previously diversified market, whats the arguments against?

It seems like it would be a disaster to break up Facebook. You can't really have more than one social network that everybody uses. Forcing everyone to split off into groups wouldn't work, to put it mildly.

It doesn't necessarily need to be broken up, but if you wanted to weaken Facebook you could mandate that they made their APIs open so that social networks that wanted to spring up would be able to automatically show you content from Facebook in their UI.

Re: Facebook Profit Jumps 71% Year-over-Year

#67
post #29

Earlier quoted context omitted.

99% of the growth!! Thoughts on anti-trust? If you're capturing every single part of the growth of a huge previously diversified market, whats the arguments against?

It seems like it would be a disaster to break up Facebook. You can't really have more than one social network that everybody uses. Forcing everyone to split off into groups wouldn't work, to put it mildly.

I don't even think it's clear that it would be a disaster to completely outlaw facebook.

Re: Facebook Profit Jumps 71% Year-over-Year

#68

Some fun Facebook facts from the earnings call/report - Facebook has a massive, $35.5 billion hoard of cash, cash equivalents and marketable securities. It's the third biggest S&P 500 company by this metric that isn't paying a dividend, after Berkshire Hathaway and Alphabet. - Facebook's headcount is now at 20,658. That's up 43 percent since last year - Average Revenue Per User Rises 23% to $4.73, Down from 4Q 2016 -…

- Facebook has a massive, $35.5 billion hoard of cash, cash equivalents and marketable securities. It's the third biggest S&P 500 company by this metric that isn't paying a dividend, after Berkshire Hathaway and Alphabet. How many companies in total have more than $35.5B cash/equivalents? Including Apple, for example.

Ignoring debt:

Microsoft ($126b), Apple ($256b), Facebook ($35b), Berkshire Hathaway (near $100b), Cisco ($68b), Google ($92b), Oracle ($66b), Softbank (a lot), Amgen ($38b), Ford ($40b), Samsung ($73b), Johnson & Johnson ($39b), GE ($82b)

There are a lot of financial entities and the like that have more cash than that of course. It's held under a different financial context than the cash that eg Apple is sitting on. JP Morgan for example has $650b, Citi has $422b, Bank of America has $643b, etc.

Re: Facebook Profit Jumps 71% Year-over-Year

#69

> Facebook’s formidable ad business, along with Alphabet Inc.’s Google, soaked up 99% of the online ad industry’s growth last year, according to Pivotal Research. Does that seem crazy to anyone else?

It's crazy to me in the sense that Snap is apparently <1% of growth in digital advertising.

Re: Facebook Profit Jumps 71% Year-over-Year

#70
post #44

Some fun Facebook facts from the earnings call/report - Facebook has a massive, $35.5 billion hoard of cash, cash equivalents and marketable securities. It's the third biggest S&P 500 company by this metric that isn't paying a dividend, after Berkshire Hathaway and Alphabet. - Facebook's headcount is now at 20,658. That's up 43 percent since last year - Average Revenue Per User Rises 23% to $4.73, Down from 4Q 2016 -…

Slightly interesting aside, 3.9B for 20,658 employees is ~$188K/employee profit, which is about a 20% drop from a few years ago[1]. I'm not an economist nor statistician. 1. https://www.buzzfeed.com/peterlauria/what-18-of-the-biggest-...

Well, one thing is that the marginal profit of labour is bound to be diminishing at such scale. However, keep in mind that it's not marginal revenue, but profit. This means that it's still a viable strategy to increase the amount of employees for them. That drop is not necessarily an issue in accounting terms.
Post reply on HN