Facebook cash rose to $44 billion in first quarter

By contrast, Alphabet’s cash during that will stretch has increased 37 percent to $102.9 billion, while Apple’s has jumped 32 percent to $285.1 billion.

Facebook shares climbed in extended trading on Wednesday after earnings as well as revenue sailed past analysts’ estimates. The company is actually proving that will even with the Cambridge Analytica scandal as well as concerns over user privacy as well as the spread of fake news, businesses can’t afford to pull dollars away via Facebook’s 2.2 billion monthly active users.

Facebook said that will 91 percent of its ad revenue inside quarter came via mobile, up via 85 percent a year ago. The more This specific shifts to mobile the more profitable This specific becomes, with the company’s operating margin jumping to 46 percent via 41 percent inside same period last year.

“Our agency checks indicate there has not been any noticeable impact on FB ad spend following the Cambridge Analytica news,” Aaron Kessler, an analyst at Raymond James, wrote in a note prior to the earnings report. He incorporates a “strong buy” rating on the stock.

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