Facebook’s after-hours spike came after closing up 1.1% on Wednesday, outpacing the broader market’s flattish day. The company’s Q1 figures included 1.88 billion daily active users, up 8% year over year, and 2.85 billion monthly active users, marking a 10% pop from the prior-year quarter.
“We expect second quarter 2021 year-over-year total revenue growth to remain stable or modestly accelerate relative to the growth rate in the first quarter of 2021 as we lap slower growth related to the pandemic during the second quarter of 2020,” he said in the company’s earnings statement. He expects Q3 and Q4 revenue growth rates to “significantly decelerate,” however, as Facebook laps the prior-year’s strong quarters.
Zuckerberg kicked off the call by noting that he is “very worried” about the COVID-19 pandemic outbreaks in India and Brazil, before switching gears to the company’s commitment to augmented reality and virtual reality. He said the wireless aspect of the Oculus Quest 2 was “key,” explored the idea of expanding beyond gaming, and touted the social aspects of AR and VR platforms.
ugh. Facebook should be dismantled
who fucking cares?