Facebook sales beat estimates as advertisers ignore scandals

Jamie McKane

MyBroadband Journalist
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Facebook sales beat estimates as advertisers ignore scandals

Facebook Inc. reported revenue that beat Wall Street estimates as advertisers stuck with the social media company through a series of privacy scandals.

The company said fourth-quarter sales were $16.91 billion, ahead of the $16.4 billion analysts expected. Earnings also topped expectations, sparking a share surge of more than 11 percent in extended trading on Wednesday.

[Bloomberg]
 

Nick333

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Social Media and messaging
They're hardly a monopoly when it comes to messaging, they just happen to own the two most popular platforms.

As for being a social media monopoly, maybe, but again, it's a case of being the most popular platform. They've had competition.

It's just the nature of the internet that popular products and service tend to dominate. It's user driven, so talk to other consumers if you have a problem with it.
 

Polymathic

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They're hardly a monopoly when it comes to messaging, they just happen to own the two most popular platforms.

As for being a social media monopoly, maybe, but again, it's a case of being the most popular platform. They've had competition.

It's just the nature of the internet that popular products and service tend to dominate. It's user driven, so talk to other consumers if you have a problem with it.
When you have 90% of the market you are virtually a monopoly. No company can compete
 

Nick333

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When you have 90% of the market you are virtually a monopoly. No company can compete
Nope. A monopoly is when a player is the only provider of a service, product or commodity. Facebook is just the most successful player in its market. You can't fault a company for being popular.
 

Polymathic

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Nope. A monopoly is when a player is the only provider of a service, product or commodity. Facebook is just the most successful player in its market. You can't fault a company for being popular.
You can when they get too big and actively kill or buy off competition to the detriment of the public
 
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