Facebook truly is a mobile company. The social network announced its Q1 2014 financial and user figures, showing that now there are more than 1 billion mobile monthly active users around the glove.
Overall, Facebook has 1.27 billion MAUs and 802 million DAUs.
Below are some more key charts showing Facebook’s Q1 performance.
David Ebersman, who has been Facebook’s Chief Financial Officer for nearly five years, announced today that he is leaving the company. Ebersman will be succeeded on June 1 by David Wehner, currently Facebook’s Vice President of Corporate Finance and Business Planning. Ebersman will stay with Facebook through September, then leave to resume a career in healthcare.
CEO Mark Zuckerberg commented on Ebersman’s departure:
David has been a great partner in building Facebook, and I’m grateful for everything he’s done to help make the world more open and connected. David set us up to operate efficiently and make the long term investments we need, and built an incredibly strong team including Dave Wehner, our next CFO. I look forward to working with Dave in his new role.
Ever since Q1 2013, Facebook’s financial picture has been getting rosier with each quarter, but will that trend continue?
Facebook will announce its 2014 Q1 performance at 2 p.m. on Wednesday, April 23.
It’s likely that many of you created a “Look Back” video during Facebook’s 10th anniversary extravaganza. But did you know that the feature was created by Facebook engineers in less than a month?
According to a blog post on the site, Facebook anticipated only 10 percent of people who saw their video would share it. Ultimately, more than 40 percent shared their videos just hours after launching. Facebook’s total outgoing traffic was about 20 percent higher than the normal peak. They also found:
- More than 720 million Look Back videos were created, with 9 million videos created per hour;
- More than 11 petabytes of storage were used;
- More than 450 Gbps outgoing bandwidth at peak and 4 PB egress within days; and
- Over 200 million people watched their Look Back movie in the first two days, and more than 50 percent have shared their movie.
Facebook on Monday released data showing how many requests for data the company has received from the National Security Agency — at least, the range of these requests. From January through June 2013, Facebook received fewer than 1,000 requests for user content data from the NSA, regarding 5,000 to 5,999 accounts.
According to documents filed with the U.S. Securities and Exchange Commission, Facebook’s Chief Financial Officer, David Ebersman, has decided to sell 23,400 shares of Facebook stock.
Version 2.0 beta of App Insights is now ready for developers, Facebook announced Thursday. All Facebook app developers can opt into this new version of App Insights starting today. It provides developers with a better dashboard to manage apps, as well as more actionable data, a clearer interface and improved warnings when outages occur.
Facebook will announce how the company did financially in Q4 on Wednesday, Jan. 29. Facebook will host a conference call at 5 p.m. ET / 2 p.m. PT that day, with Facebook executives detailing economic and advertising performance in the fourth quarter, as well as metrics such as users and mobile users.
Spredfast, a Facebook Preferred Marketing Developer in pages and apps, announced Friday a $32.5 million round of funding, led by Lead Edge Capital. Lead Edge Capital has funded software, e-commerce and internet companies such as Alibaba Group, Marketo, Bazaarvoice and Monetate.
Spredfast will use this latest round of funding to accelerate the company’s growth through talent acquisition, product development and global expansion. Spredfast manages social programs for top brands such as General Mills, AT&T and REI.
Facebook announced a proposed follow-on stock offering Thursday, noting that 70 million shares of Facebook stock will hit the market, most of which will come from CEO and Co-Founder Mark Zuckerberg.