Facebook adds $44 billion in market value after reporting earnings beat, increased usage amid coronavirus pandemic (FB) | Markets Insider

added as much as $44 billion in market value after its stock jumped as much as 8% to $209.69 in Thursday morning trades following the company's earnings report that showed an increase in user numbers amid the coronavirus pandemic.Revenue: $1.71, versus the $1.70 estimate2.6 billion, versus the 2.55 billion estimate

"We experienced a significant reduction in the demand for advertising, as well as a related decline in the pricing of our ads, over the last three weeks of the first quarter of 2020," Facebook said. For Facebook's family of apps, which includes WhatsApp, Instagram, and Messenger, the company reported monthly active users rose 11% to 2.99 billion in the month of March.

Everyone’s using their service because they’re at home, no surprise there.

Not much of an achievement when people have literally nothing else to do.

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