Facebook takes the bull by the horns!
Since the beginning of 2016, Facebook has been the company to keep an eye on. After making a stupendous impact at the F8 conference, Facebook is once again in front of the stage with the outstanding performance displayed through its first quarter earnings reports.
After creating a buzz with its brand new reactions button 2 months ago and with its newly implemented features with its live video function, Facebook continues its ascension at the F8 conference held on the 12th of April. Marc Zuckerberg knocked Facebook’s adherents off their feet during the F8 conference as the CEO of the social network company revealed its vision for the 10 coming years. The company has already begun to reap the benefits of its changes as it displayed a quite impressive first quarter earnings report this week.
Facebook’s total revenue jumped to $5.38 billion in this quarter boosted by the advertising revenue which rose by 56.8 percent to $5.20 billion. In addition, compared to 2015, the mobile ad revenue increased by 9 percent and now accounts for approximately 82 percent of the whole ad revenue generated by the company. It seems that since the beginning of 2016, Marc Zuckerberg transforms everything he touches into gold.