Even a powerful hashtag campaign couldn’t derail social media giant Facebook — at least, that’s what the company’s 2018 Q1 financial results show. Facebook has seen some wild growth over the course of its existence, and even though it’s in the midst of what’s been called “the largest data scandal of its history,” the cash cow website seems to have kept the dollar signs flowing in.
Click to see just how many of the internet’s favorite apps and sites have been acquired by Facebook.
The 2018 Q1 earnings report was released by Facebook on April 25, 2018, and revealed steady and healthy revenue growth — even though Facebook’s CEO Mark Zuckerberg had just testified in front of Congress two weeks earlier due to the website’s role in the Cambridge Analytica data scandal.
Despite the website receiving major flak — even spawning the #DeleteFacebook movement — the numbers paint a very different picture: Daily active users were up to 1.45 billion as of March 2018 — a reported 13 percent year-over-year increase — as well as a similar increase in monthly active users.
“Despite facing important challenges, our community and business are off to a strong start in 2018,” Zuckerberg stated in the report. “We are taking a broader view of our responsibility and investing to make sure our services are used for good. But we also need to keep building new tools to help people connect, strengthen our communities, and bring the world closer together.”
Click to keep reading about Facebook and its CEO Mark Zuckerberg’s net worth.