Update: the reason FB stock is now crashing is because moments ago, the CFO stunned the investing community when he announced that FaceBook costs next year will go up by 55-75% while forecasting revenue growth of 40 percent to 47 percent in the final quarter of 2014. That's down sharply from 59 percent in the third quarter. He also announced that WhatsApp, FB's $19 billion acquisition, was "accretive" to the tune of a $232 million loss in the past 6 months. Stock now down over 10%. As a reminder, according to Goldman there are some 126 hedge funds long FB stock as of June 30.
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And then there's this:
@zerohedge [5] yeah those thumbs get more accurate on the 6+ too, so there goes 20% of those accidental taps.
— Reaper Capital (@ReaperCapital) October 28, 2014 [6]
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Moments ago, Facebook reported, as part of its Q3 earnings report in which it beat both the top and the bottom line with $0.43 in non-GAAP EPS on a 35% non-GAAP tax rate, and $0.30 in GAAP EPS on 40% in GAAP taxes), that it now has some 1.35 billion in monthly active users, or about 20% of the world's population. For those interested, the full breakdown of FB's mostly non-GAAP data can be found here [7], but here is what stuck out to us. Facebook reported that its Monthly Active Users for the US and Canada - the segment that generates roughly half of all FB sales - rose, at a pace of about 700,000 per month, to a record 206 million. Putting that number in context: in the same two countries, there are currently about 155 million people employed. In other words, there are about 1.3 Facebook users for every single employed person in the US and Canada.
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