Facebook Q1 2020 Earnings Conference Call Thoughts
Facebook has achieved 3 billion active users for the first time ever during this quarter. They believe that adoption accelerated more this quarter given the amount of the population isolated to their homes. I have been consistently reading and hearing about the growth seen from subscription time business models that rely on a connected mindset as many seek engagement in a virtual landscape these days. We have seen the likes of Netflix, ZOOM, among many others that are actually benefiting from the current crisis seen globally. Content and an attractive community is becoming more valuable than ever!
This is an encouraging sign from a social media and networking mindset as growth continues but engagement is skyrocketing. The amount of attention that many communities are seeing is a great opportunity to create value and could give the ecosystems with the blockchain technology sectors the potential for improve adoption which had slowdown recently. Users on any platform continue to be monetized whether it be for their data or their attention; Facebook reported $17.4 billion in revenue last quarter. The advances and development from projects like ours and Brave are exciting to be a part of at the moment for these reasons. Empowering ourselves to create value is exciting to participate!
Facebook is also looking to leverage these trends as they continue to invest their resources in technology and talent to build out continued engagement. While areas where they had been focusing will likely slow given how demand has been severely impacted in certain industries, they are still looking to adding thousands of employees and billions dollars worth of technology in the year. However, rather than focused on areas impacted like traveling and tourism, they will likely focus on other areas of engagement like gaming and video. These areas have seen large levels of growth given the current situation.
With $60 billion in cash after a strong quarter, they will aggressively invest in these areas. However, it was interesting to not hear any updates on one of their key areas of investments in prior quarters; payments. It has been a priority for Facebook for over a year now with the culmination in the initial announcement of Libra, their own cryptocurrency ecosystem. Given how small business has been impacted, I was not very surprised to see no commentary nor questions related to this subject this quarter. While not a focus of my personal investment, it has been interesting to see how their insight adjusts their strategy throughout the economy. It continues to show how powerful our data and behavior is when consolidated and at the fingertips of data scientists!
Discord: @newageinv#3174
Chat with me on Telegram: @NewAgeInv
Follow me on Twitter: @NAICrypto
The following are Affiliate or Referral links to communities that I am a part of and use often. Signing up through them would reward me for my effort in attracting users to them:
If you are like me and interested in continued personal growth, invest in yourself and lets help each other out by leveraging the resources Minnowbooster provides by using my referral link
Start your collection of Splinterlands today at my referral link
Expand your blogging and engagement and earn in more cryptocurrencies with Publish0x! Sign up here!
The best new browser to protect your privacy while still being faster and safer. Try the Brave Browser today with my affiliate link here: https://brave.com/wdi876
Try the Partiko Mobile app to engage while on the go with my referral link
Get started on the latest game on the blockchain Drug Wars by signing up here!
If you select one of my above referral links, I will sponsor a @steembasicincome SBI in return. Let me know if you do so in the comments below!
DISCLAIMER: The information discussed here is intended to enable the community to know my opinions and discuss them. It is not intended as and does not constitute investment advice or legal or tax advice or an offer to sell any asset to any person or a solicitation of any person of any offer to purchase any asset. The information here should not be construed as any endorsement, recommendation or sponsorship of any company or asset by me. There are inherent risks in relying on, using or retrieving any information found here, and I urge you to make sure you understand these risks before relying on, using or retrieving any information here. You should evaluate the information made available here, and you should seek the advice of professionals, as appropriate, to evaluate any opinion, advice, product, service or other information; I do not guarantee the suitability or potential value of any particular investment or information source. I may invest or otherwise hold an interest in these assets that may be discussed here.