Facebook Earnings Show Plenty Of Growth To Come
by Sankrant Sanu
After Facebook's (FB) price retreat following its error-ridden and mega-hyped IPO many investors unfriended the social network. Facebook's recent quarterly earnings were a good reminder of the big picture that had led to the initial investor enthusiasm. Facebook has 1 billion monthly active users. It is worth repeating this. 1 billion active users. The entire population of the world is about 7 billion. This includes people living in parts of the world that don't even have electricity, let alone the internet. But Facebook users are 14% of the entire world population. If you take out children under 14 and those over 60 from the total world population, that leaves about 4.3 billion. Over one-fifth of humanity in this age group is a Facebook user and this number is increasing with the increase of internet and mobile presentation increase and greater Facebook penetration. read more »
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