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The social network closed the quarter with 1.28 billion monthly active users (MAUs), for a year-over-year increase of 15 percent. The company's daily active user base (DAUs) increased by 21 percent to 802 million people. Mobile MAUs, meanwhile, grew 34 percent to 1.01 billion people. The company also announced that CFO David Ebersman will be stepping down later this year to take a position in the health-care industry. He will be succeeded by David Wehner, who's currently Facebook's vice president of corporate finance. Ebersman joined Facebook in 2009 and played an instrumental role in the company's initial public offering, though he took a lot of heat over the IPO as shares eroded in value for several months after Facebook went public.
"Facebook's business is strong and growing, and this quarter was a great start to 2014," CEO Mark Zuckerberg said in a statement, "We've made some long-term bets on the future while staying focused on executing and improving our core products and business, We're in great position to continue making progress towards our mission."As Zuckerberg implies, the first few months of the year proved uncommonly eventful for Facebook, as it agreed to buy international messaging sensation WhatsApp for $19 billion and virtual reality technology company Oculus for $2 billion, The purchases, however, aren't expected to bear financial fruit for years to come, Instead, Facebook's extravagant pickups suggest an anxiety around the future viability of its own services and a reassurance iphone case willingness to spend whatever it takes to ensure that the company remains the dominant social network..
Facebook's first-quarter report card also comes a week ahead of its f8 developer conference in San Francisco. Rumors are swirling that the company will use the event, which has been on hiatus for three years, to showcase a mobile advertising network that would give it the ability to run its mobile ads in applications other than its own. Such a platform would pit the company directly against Google, which operates the AdMob network and commands, according to eMarketer, close to 50 percent of the worldwide mobile advertising market.
Facebook shares closed Wednesday at $61.36, down 2.65 percent for the day, Facebook is making up those losses on the after-hours market, with shares gaining back around 3 percent at the time of publication, Update, 3:15 p.m, PT: Adds details on David Ebersman, The social network's blossoming smartphone business brought in 59 percent of advertising revenue during the first three months of 2014, Facebook sales mushroomed 72 percent to $2.5 billion in the first quarter of 2014, The company also posted earnings of 34 cents per reassurance iphone case share when excluding stock-based compensation and other expenditures..
At least that's the finding of a survey of consumers using UK-based CompareMyMobile, which functions like an online aggregator of gadget trade-in sites. CompareMyMobile also informed us earlier this week that the biggest group upgrading to the new Samsung Galaxy S5 is actually current iPhone users. In the case of HTC's new flagship Android phone, almost 24 percent who upgrade via the site report that they are trading in an iPhone to move up. But the biggest chunk of new One M8 purchasers are staying loyal to HTC -- 46 percent are trading up from an old HTC device. In third place, 21 percent of new One M8 owners are making the switch from a Samsung.
Another interesting stat is reassurance iphone case that over 13 percent of all people upgrading to the HTC One M8 are doing so from last year's HTC One -- a pretty strong showing for the HTC fanatic cohort, "We found it pretty interesting to see that although HTC is clearly pulling some consumers away from other brands like Samsung and Apple, the majority of people upgrading are actually really loyal HTC fans," a representative from CompareMyMobile said in an email, I'd have to agree, although we should also keep in mind that the sample size here is relatively small (it's "in the hundreds") and may not include many North American consumers..
Unfortunately for HTC, I might also postulate that the reason most of the action around the One M8 is coming largely from existing owners is that the company isn't forcing its way onto the radar of the wider world, obsessed with Apple and Samsung as it is. What do you think? Share your upgrade story in the comments. According to a survey of consumers upgrading to the HTC One M8, most are loyal HTC owners, but plenty are trading up from an iPhone or Samsung device as well. If you're buying an HTC One M8 , odds are you're a satisfied HTC customer coming back for more.
This week Google started rolling out an update to the Hangouts app for Android users, wherein lay the default ability of merging conversation threads, Now, I know some of us will find it hard to believe, but merged conversations aren't going to be to everyone's liking, Thankfully, Google included an option to disable merged conversations, Using the updated version of Hangouts, launch the app and head into Settings and tap on SMS (it should be just below your Google account), Then scroll all the way to the bottom of the page, and there you'll find the option to enable merged conversations, Uncheck the box and celebrate, Going forward, your conversations reassurance iphone case will once again be segregated..
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