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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen7/29/2016 3:37:14 PM
   of 1084
 
Facebook’s well on its way to taking over the world

Facebook is riding high off all of your likes and shares.

The company went into its second-quarter earnings report with high expectations from analysts, who expected to see 50 percent growth to $6 billion in revenue and earnings of 82 cents per share. And the company didn't disappoint. The social network even blew past that high bar with $6.4 billion in revenue and earnings of 97 cents per share.

Shares jumped as much as 7 percent immediately after the report was released, up from its market close of $123.34 per share.

It was a positive report across the board. The company said 1.13 billion people have made the network a daily habit. And Facebook said it now has 1.71 billion monthly active users, up 20 percent from the same period last year.

That's more than the combined population of the United States and China — a market that Facebook hasn't even cracked yet.

washingtonpost.com

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