Author: Nick Statt
Illustration by Alex Castro / The Verge
Facebook’s business is booming, thanks to worldwide shelter-in-place and quarantine orders due to the COVID-19 pandemic that have everyone using social networks and staring at screens far more than average.
The company, which reported first quarter earnings for 2020 on Wednesday, says “a record number of people” are using its services, primarily its Messenger and WhatsApp chat apps as well as Instagram. Last month, as the pandemic intensified, Facebook said it was seeing spikes of more than 50 percent on its messaging products and now logs about 700 million daily calls across Messenger and WhatsApp.
Facebook knows its growth is temporary, and it could make less money than expected next quarter
But the company knows its popularity is...
Continue reading…
Continue reading...
Facebook’s business is booming, thanks to worldwide shelter-in-place and quarantine orders due to the COVID-19 pandemic that have everyone using social networks and staring at screens far more than average.
The company, which reported first quarter earnings for 2020 on Wednesday, says “a record number of people” are using its services, primarily its Messenger and WhatsApp chat apps as well as Instagram. Last month, as the pandemic intensified, Facebook said it was seeing spikes of more than 50 percent on its messaging products and now logs about 700 million daily calls across Messenger and WhatsApp.
Facebook knows its growth is temporary, and it could make less money than expected next quarter
But the company knows its popularity is...
Continue reading…
Continue reading...