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1043 days ago

Facebook monthly active users is only going North

With roughly 2.85 billion monthly active users as of the first quarter of 2021, Facebook is the biggest social network worldwide. In the third quarter of 2012, the number of active Facebook users surpassed one billion, making it the first social network ever to do so. Active users are those who have logged into Facebook during the past 30 days. During the first quarter of 2021, the company stated that 3.45 billion people were using at least one of the company's core products (Facebook, WhatsApp, Instagram, or Messenger) each month.

#Stocks #Technology

1043 days ago

Zoom phone app good for business: what rotation?

BoA reiterates buy motion on Zoom with a $480 price objective. That's a 47% upside from where the stock stands today. Zoom's phone app is its next killer business generator. The rapid expansion into the business could see Zoom Phone set up to grow to a $2B business in five years. 

#Stocks #Technology

1045 days ago

Growth in TikTok downloads and revenue has been stunning, but the founder just quit as ByteDance CEO

“Bummed to hear about Yiming Zhang stepping down — truly an amazing CEO,” tweeted Patrick Collison, the chief executive of the $95bn payments start-up Stripe. “To give a sense for the calibre of their execution: ByteDance was founded in 2012, is reported to have generated $35bn of revenue in 2020, and hired 40,000 people last year.”

#Stocks #Technology
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/150e88ae-7ded-4400-9cb5-af2a6d765048 “Bummed to hear about Yiming Zhang stepping down — truly an amazing CEO,” tweeted Patrick Collison, the chief executive of the $95bn payments start-up Stripe. “To give a sense for the calibre of their execution: ByteDance was founded in 2012, is reported to have generated $35bn of revenue in 2020, and hired 40,000 people last year.”

1045 days ago

Virgin Galactic's stock price on the rise, creating a squeeze

Virgin Galactic went through a rough couple months, and many traders were betting on a price fall. Nearly 14 million shares of the company were sold short over the past 30 days. However, the stock price rose by 28% on Monday trading, following their latest successful test flight. A short squeeze occurs when a stock posts large gains and that short sellers are forced to buy the stock to close their positions, pushing the stock price further up.

#Stocks #Technology
Virgin Galactic's stock price on the rise, creating a squeeze

1047 days ago

Revenue from selling user data

Source: Linas Beliūnas

#Technology
Apple, Amazon, Facebook, Google
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