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Facebook Q1 2018 Earnings Slides [pdf]

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Re: Facebook Q1 2018 Earnings Slides [pdf]

#171

Post by adventured »

tomc1985 wrote: post #90
roddux wrote: post #14

My main takeaway from this is that #deleteFacebook has been a flash in the pan-- their active user count is still increasing across all regions. Also to note, FB only pay effectively 11% tax on some 12 billion dollars worth of revenue.

Meanwhile the worker bees pay 35-50% in income tax and other withholdings between state and federal. That pisses me off so much

Which worker bees are paying 35-50%?

You just about have to make a million dollars per year in the US - and be in California or NYC - to pay 50%. One million dollars in income gets you to about 47% in LA, SF, or NYC. A quarter of a million dollar income will get you up to 35% - and those are the most expensive tax locations in the country.

$50,000 (the US median full-time income) gets you a combined effective rate, before deductions, of: 16% in Dallas, 20% in LA, 23% in Portland, 16% in Seattle, 24% in NYC, and 22% in Boise.

In Seattle, Miami, or Dallas, you'll pay a combined 36% on one million dollars in income.

Re: Facebook Q1 2018 Earnings Slides [pdf]

#172

Post by lallysingh »

1024core wrote: post #138
roddux wrote: post #14

My main takeaway from this is that #deleteFacebook has been a flash in the pan-- their active user count is still increasing across all regions. Also to note, FB only pay effectively 11% tax on some 12 billion dollars worth of revenue.

Well, even though I did not delete FB, my usage has gone way down. I reckon I spend about 5 minutes/day on FB today, down from about 30 min/day a year ago.

Still have those cookies active when browsing normally?

Re: Facebook Q1 2018 Earnings Slides [pdf]

#173

Post by Matthias247 »

adventured wrote: post #171
tomc1985 wrote: post #90

Earlier quoted context omitted.

Meanwhile the worker bees pay 35-50% in income tax and other withholdings between state and federal. That pisses me off so much

Which worker bees are paying 35-50%? You just about have to make a million dollars per year in the US - and be in California or NYC - to pay 50%. One million dollars in income gets you to about 47% in LA, SF, or NYC. A quarter of a million dollar income will get you up to 35% - and those are the most expensive tax locations in the country. $50,000 (the US median full-time income) gets you a combined effective rate, b…

> Which worker bees are paying 35-50%?

Lots of people in Europe. Which for sure is also a big market for FB. In Germany you are already have deductions of nearly 50% if your income is around 50000€.

Re: Facebook Q1 2018 Earnings Slides [pdf]

#174

Post by Morizero »

Judgmentality wrote: post #158
quotemstr wrote: post #122

Earlier quoted context omitted.

Internet outrage is _never_ as widespread or important as it looks. The best way to predict the effect of any social media campaign against a person or organization is to evaluate the steadfastness of the campaign's target. If you are the target of an internet mob and you blink, you're not only going to enact mob-demanded changes that are detrimental to your interests, but also broadcast weakness and attract further…

I thought the #deleteuber campaign was somewhat successful? My understanding is a series of unfortunate events, largely kicked off by that campaign, ultimately led to Kalanick's downfall. http://www.businessinsider.com/travis-kalanick-uber-takedown...

At least with Uber there are real & mainstream alternatives.

Re: Facebook Q1 2018 Earnings Slides [pdf]

#175

Post by joshgel »

quotemstr wrote: post #122
roddux wrote: post #14

My main takeaway from this is that #deleteFacebook has been a flash in the pan-- their active user count is still increasing across all regions. Also to note, FB only pay effectively 11% tax on some 12 billion dollars worth of revenue.

Internet outrage is _never_ as widespread or important as it looks. The best way to predict the effect of any social media campaign against a person or organization is to evaluate the steadfastness of the campaign's target. If you are the target of an internet mob and you blink, you're not only going to enact mob-demanded changes that are detrimental to your interests, but also broadcast weakness and attract further…

Isn't this what Trump did too?! Refused to blink despite all the 'hits'...

Re: Facebook Q1 2018 Earnings Slides [pdf]

#176

Post by TwoBit »

objclxt wrote: post #78
whyenot wrote: post #36

The median salary package at FB is $240,430[1]. Now I understand how that is possible. 1. http://www.businessinsider.com/facebook-median-pay-240000-20... edit: salary package (salary, bonuses, and stock grants), not salary alone

It's a slightly misleading figure because it includes all the stock grants given in 2017. From the proxy statement: > we calculated as actual salary paid to our employees for 2017 [...], actual bonus or sales commission earned by our employees in 2017, and the value of equity awards granted to our employees in 2017 Specifically, if you joined in 2017 the value of your entire initial stock grant was used. This skews t…

Not very misleading though, because if you got $1000 in RSUs in 2017, you probably get a similar amount in 2018.

Re: Facebook Q1 2018 Earnings Slides [pdf]

#177

Post by TwoBit »

scolson wrote: post #33

So wait... In the US, my "value" to facebook is about $100 a year? (~24/q rounded up) Can I subscribe to facebook and opt out of all advertising and any data sharing exposure with third-parties? That is totally worth $8-10/mo to me. Edit: I get it. You don't like this idea, or you don't think it will work, or you don't think facebook's investors will like it (full disclosure: I am one). Why on earth should that stop…

Feel free to start your own Facebook clone and charge $100 a year for no ads and see how successful that is.

Re: Facebook Q1 2018 Earnings Slides [pdf]

#178

Post by throwaway13456 »

roddux wrote: post #14

My main takeaway from this is that #deleteFacebook has been a flash in the pan-- their active user count is still increasing across all regions. Also to note, FB only pay effectively 11% tax on some 12 billion dollars worth of revenue.

It doesn't work that way. I learned it the hard way.

I run a successful s/w company that was recently under targeted attacks by one of these hashtag campaigns. The gist was we wrote something about why we refused to hire women simply to improve the % of females in tech and why we want to hire the best people for the job irrespective of their gender. The goal of the post was to help people correctly contribute to gender ratio problems instead of blanket hiring, which is sexism by itself.

However, this backfired and a lot of feminist groups targeted us with hashtags and some even accusing us of things we never said/done (the blog post has been removed since). They created memes, fake citations of stuff me and my company staff didn't say and they revolted heavily.

At first I was really shocked as this was my first time experiencing something like this and I almost thought my company and brand name was doomed. However, I decided to take control and published a follow up post of things we said, we did, we didn't do and we decided to stand by our words. The hashtags multiplied, some even threatened us legal action. Many created fake accounts on our blogs and commented bad stuff about us everywhere. Some of them even sent emails directly to our customers!

But, I didn't give in. A week went by and things started looking better. The hashtags dropped, but the good thing was, from those hashtags, we got a LOT of new page-views and signups. We lost two customers who didn't want to be associated with our controversy, but we got 8 new ones after this campaign.

The biggest take away -

1) If you believe in something, don't give in to threats and disrespectful demands. It's almost like supporting extortion.

2) Any free marketing is good marketing.

I suppose this was no different for Facebook.

Re: Facebook Q1 2018 Earnings Slides [pdf]

#179

Post by tclancy »

spyspy wrote: post #22
mbesto wrote: post #15

$16B in FCF in 2017 Thats what you call "printing cash".

I've been long FB for a very long time now, and took the recent dip to grab some more. People can complain about Facebook in terms of privacy all they want, but as a company they are killing it.

>People can complain about Facebook in terms of privacy all they want, but as a company they are killing it.

Should make for a nice tombstone.

Re: Facebook Q1 2018 Earnings Slides [pdf]

#180

Post by instaheat »

andrewxhill wrote: post #82
roddux wrote: post #14

My main takeaway from this is that #deleteFacebook has been a flash in the pan-- their active user count is still increasing across all regions. Also to note, FB only pay effectively 11% tax on some 12 billion dollars worth of revenue.

While you are probably right, these numbers only account for the first 10-12 days of #deletefacebook, and those are only a few days over most of a quarter's worth of growth before them.

I agree with you, I don't think we can really glean anything meaningful from this information since it is only a fraction of the quarter after the information came to light.

If we see a significant dip in Q2, then perhaps we can surmise that this impacted revenues negatively.

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