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Facebook Has 1.19 Billion Active Users
The number of active users of Facebook (account activity at least once a month) by 1 October reached 1.19 billion (+18 % compared to the same date last year). In this case, 874 million people use it when communicating mobile devices (+6.7 %).
In general, the company Facebook Inc. from the United States, the owner of the world's largest social network, has completed the third quarter with the financial indicators that were better than the average forecast of the market.
According to a press release, in July -September, it posted a net profit of $ 425 million, or 17 cents per share, compared with a net loss of $ 59 million, or 2 cents a share, in the same period last year. Adjusted earnings increased to $ 621 million, or 25 cents a share, compared with $ 311 million, or 12 cents a share, in the third quarter of 2012. Revenue in last quarter was $ 2.016 billion versus $ 1.262 billion a year earlier.
Analysts polled by FactSet, on average, estimated adjusted earnings of 19 cents per share on revenue of $ 1.91 billion of revenue from advertising jumped 66 % to $ 1.8 billion, while revenue from advertising on mobile devices accounted for about 49% of the total compared with 41 % in the second quarter of this year.
Facebook Share prices rose by almost 17% in electronic trading on Wednesday after the publication of the reports, since the financial performance exceeded the expectations. Since the beginning of this year, the capitalization of the company increased by 84%. - 17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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