Facebook Reports its 2016 earnings and the numbers are worrying

Hi-Tech Nilgun Salim
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Facebook is a literal vice

The social media giant published its financial results for the last quarter and the numbers might worry you.

Although the appreciation and the obsession regarding the world’s most popular social platforms the numbers obtained by the company are not exactly a reason to become happy.

The social platform became this tool of propaganda for fake news and the News Feed algorithm generates some negative effects on the users.

In addition, Zenimax obtained a crushing victory against Oculus – a company purchased by Facebook.

Oculus was accused of many things but the most important accusations brought by Zenimax are the cyber crime, non-closure agreement and breaking a series of patents.

For all these, Oculus must pay up $500 million.

All these bad news are completely insignificant for the social platform.

The California-based company has all the chances to obtain a bigger market share than Apple, Google, and Samsung.

From the $8, 8 billion revenues, the profit of Facebook was $3, 56 billion.

According to the most recent data, 1,86 billion people access the website on daily basis and 1,74 billion access the mobile app.

Their obsession for the mobile app it’s so significant that 84% of Facebook’s revenues came from there.

If you still have any doubt that Facebook is a literal vice you will convince after you will find out that 1,23 billion users can’t stay a day without accessing Facebook.

1,15 billion are login in from their smartphones daily.

The rise from a financial quarter to another was of 3,91%.

In conclusion, in 2016 the company cashed in $27 billion thanks to Instagram, WhatsApp, and Facebook Messenger.