Facebook Announces Record Profits

The company reported quarterly profit and consumer growth

The profits of the social network Facebook exceeded expectations, but its shares are falling. The company reported quarterly profit and consumer growth, which exceeded all expectations, but its shares suffered a blow in market transactions, reported BGNES.

The leading online social network reported that its net income grew seven percent from a year ago to $ 7.3 billion, and revenue increased by 25 percent to $ 21 billion in the last three months of last year.

The number of people using Facebook monthly increased by eight percent to 2.5 billion people, and for users of all its applications, including the figure was 2.89 billion.

The company’s shares fell more than 6%.

“It’s going to be an intense year with the election, some of our long-term technology bets are going to start coming to fruition,” Facebook Chief Executive Mark Zuckerberg said on a conference call Wednesday. “We have strong business momentum, and we have to get out there and show what we stand for.”

Read More

Bulgaria’s Inflation Slows Down To 2.7%

Bulgaria annual consumer price inflation slowed down to 2.7% in December, from 3.1% in November, the National Statistical Institute (NSI) said...

Alipay To Expand In Eastern Europe

In BELGRADE story "China's Alibaba to launch Alipay platform in Serbia by yr-end" dated September 19, please read the headline as "China's Alibaba in...

Bulgaria Annoyed At Constantly Changing Euro Demands

Bulgaria blamed the imposition of new requirements by the European Union and the European Central Bank for holding up its euro-adoption bid. Having planned an application to...

Recent

Facebook Drops Out Of The List Of The Top 10 Most Valuable Brands

Facebook has dropped out of the list of the top ten most valuable brands in the world. This is indicated by the ranking of Interbrand. The list is...

BGN 185 Thousand Stolen From Bank In Sofia

BGN 185,000 were stolen from an office of a bank located in a hypermarket on Europe's Blvd. in Sofia , BNR reported.

Gallup International: 600,000 Bulgarians Admit They Would Sell Their Vote

Over 600,000 Bulgarians admit that they would vote under pressure or if they receive financial stimulus, a survey of Gallup International shows. Between BGN 150...