They are spending $46 billion a year to keep all that running. Over a million dollars spent per staff member. Wow.
A quarter of that is CapEx alone though, so it's not about staff numbers despite the headcount growing relative to revenue.
Facebook Financial Results 2019 Q4
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Re: Facebook Financial Results 2019 Q4
#3230% of the world is using a Facebook product nearly everyday. What other things do that many people share in their daily routines outside of life's necessities?
That's a good question and really puts it into perspective. From a company-centric focus, and excluding things like "eat food", I thought of: Google Search/Gmail/Android iPhone That was it.
And even iPhones are only about 10% of the world (728 million versus 7.7 people on the planet).
Re: Facebook Financial Results 2019 Q4
#3330% of the world is using a Facebook product nearly everyday. What other things do that many people share in their daily routines outside of life's necessities?
An occasional diarrhea.
Re: Facebook Financial Results 2019 Q4
#34Earlier quoted context omitted.
> Over a million dollars spent per staff member. Are you saying that's a lot, or not a lot? At somewhere elite like Facebook many of those staff members are probably being paid about half of that in compensation. And then they have massive server farms to run.
Facebook has 30,000+ employees. There's no way even half of them are getting paid $500k.
There is non-cash perks including healthcare and other overhead.
Re: Facebook Financial Results 2019 Q4
#35FB liabilities nearly tripled last year - Is that from aggressively opening new offices? Data centers?
What is FB buying/using so much of that it hasn't paid for yet?
Re: Facebook Financial Results 2019 Q4
#3630% of the world is using a Facebook product nearly everyday. What other things do that many people share in their daily routines outside of life's necessities?
Google. Chrome is the most popular browser, Gmail the most popular email, Android the most popular mobile OS and Google the most popular search portal. If you go online you are highly likely to use Google, even if you don't want to as AdSense or Analytics are used on many web sites too. I can't think of a more ubiquitous brand.
Re: Facebook Financial Results 2019 Q4
#37FB down 7% after-markets, while beating estimates TSLA up 12% after-markets, with not so perfect numbers I'm puzzled. Short-Squeeze? Rockstar- vs. Voldemort-CEO? Or did some options-"whale" just sneezed during order execution?
Buy on rumor sell on news?
Re: Facebook Financial Results 2019 Q4
#38Earlier quoted context omitted.
> Over a million dollars spent per staff member. Are you saying that's a lot, or not a lot? At somewhere elite like Facebook many of those staff members are probably being paid about half of that in compensation. And then they have massive server farms to run.
Facebook has 30,000+ employees. There's no way even half of them are getting paid $500k.
No need to guess, median worker pay is public information. At Facebook it is $228,651.
Re: Facebook Financial Results 2019 Q4
#39Earlier quoted context omitted.
> Over a million dollars spent per staff member. Are you saying that's a lot, or not a lot? At somewhere elite like Facebook many of those staff members are probably being paid about half of that in compensation. And then they have massive server farms to run.
Facebook has 30,000+ employees. There's no way even half of them are getting paid $500k.
44,942 employees, its in the document near the bottom of page 1 under headcount
https://s21.q4cdn.com/399680738/files/doc_financials/2019/q4...
Re: Facebook Financial Results 2019 Q4
#40They are spending $46 billion a year to keep all that running. Over a million dollars spent per staff member. Wow.
> Over a million dollars spent per staff member. Are you saying that's a lot, or not a lot? At somewhere elite like Facebook many of those staff members are probably being paid about half of that in compensation. And then they have massive server farms to run.
I'm not equating that to how much each staff member costs, i'm saying thats what each staff member on average is roughly responsible for spending each year!