Facebook Down 8%, Revenue Failing Expectations

in #facebook6 years ago (edited)

Despite the fact that they had a 42% greater revenue than last quarter, Facebook still didn't meet expectations for revenue, despite their Earnings Per Share beating and is down 8% in after hours trading because of it. It was a 120 Million Dollar miss on revenue estimates, which could have been caused by many things, one thing being the data scandal that they are/were involved in this year. Other positives include the fact that their daily active users grew by 11% YoY; that said; Daily Active Users are an important metric for Social Media Platforms, so the continued growth in that realm is a good sign for them.

What does this mean for Steemit? Steemit is still young, of course; is this just part of the wait and might we see a change in Facebook's Daily Active User Growth eventually as a result of Steemit's Growth? Or, is this a bad sign for Steemit?

What are your thoughts on the matter? Share Below!

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I find it interesting that they are seeing an increase in activity when the narrative a few months ago was that they where struggling to keep the younger generations on board.

I think seeing other platforms fail is good for steemit.

It is bad thinking.
but true

In my opinion in upcoming years numbers of Facebook will going to decrease because as we know that Crypto Sphere will going to take over and there are many opportunities where users getting rewards for their efforts and in contrary Facebook is not giving inreturn anything.

Steemit is going through it's infant stage and for sure gradually it will grow because already on Steem Blockchain so many Dapps are running and the number of Dapps are increasing on regular basis so the growth aspect will not go anywhere.

Now just we have to wait for the Hardfork and SMT's and then it will going to prove as game changing aspect.

Wishing you an great day and stay blessed. 🙂

Your update news is very good .
This news is helpful for crypto market .
I think about that steemit is better than facebook .
I belive that steemit is great future .

Thanks for sharing @biddle

We already have a million accounts on Steemit, and the highest number of transactions takes place on the Steemit blockchain.
We are the future.

Steemit is 100% better of Facebook

now its 20-24% ... its all about the userbase.

Take 2.5 billion MAUs (FB, Insta, WA) and modell it via metcalfe and you get the "fair/intrinsic" value aka the network value(because there are language bariers you need a modified version of metcalfe)

implementation of Cryptocurrencys will make Facebook even bigger. It will grow. In Networks there is the tendency of clustering of information, there will never be a normal distribution or smth like this, it will always be fat tailed and facebook will stay in the tail. Its nothing compared to the volkswagen "scandal" and now they are back and get even bigger...all the FUD is bullshit an opportunity for rich people like buffet and co.

They WILL enter the biggest sector out there, which is the financial sector. Imagine they buy coinbase or any other exchange. No body knows but beeing pessimistic because of low revenues...please...

One sure thing is Mark ain't going down without a fight 😁

Definitely due to the scandal and Zuck's refusal to step down

Would steemit overrun facebook eventual, that's anyone's guess. There are however major improvements that steemit needs to undergo. Nice write up as always @biddle

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