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Facebook Quarterly Results; Zuckerberg Plans To Heal The World With Revenue Earned

Facebook Quarterly Results; Zuckerberg Plans To Heal The World With Revenue Earned

Technology

Facebook Quarterly Results; Zuckerberg Plans To Heal The World With Revenue Earned

Facebook Quarterly results are out. As expected, the reports have confirmed that the Facebook community is growing and the companies profits are soaring. Speaking of the profits, they have been tripled. Mark Zuckerberg, as usual, took to Facebook to share the news along with which he also shared a link where he has left a personal note related to a proposed change to the company’s structure.

As per Zuckerberg’s post on his timeline, listed below is the number of members Facebook-owned social media platforms are witnessing each month:

  1. Facebook: 1.65 Billion
  2. WhatsApp: 1 Billion
  3. Facebook Messenger: 900 Million
  4. Instagram: 400 Million

In his personal note attached with the Facebook Quarterly Results post, Zuckerberg has mentioned that the company’s focus now is not on what the social media platform is today but on what it needs to become for the community. In the near future, you can expect Facebook to invest in a number of areas like “spreading connectivity, building artificial intelligence and developing virtual and augmented reality.”

Mark Zuckerberg, in his note, has also given a clear idea of how he wishes to change the world for better by taking an initiative towards upgrading education system, eradicating diseases, and protecting the environment from climate change. How does he plan to do all of this? One, by Chan Zuckerberg initiative, which claims to donate 99% of Facebook shares during Zuckerberg and his wife, Priscilla’s life to “to advance human potential and promote equality.” And another way is by announcing a new class of stock. Here is how will all this be done from the horse’s mouth:

“Today, Facebook’s board of directors is announcing a proposal to create a new class of stock that will allow us to achieve both goals. I’ll be able to keep founder control of Facebook so we can continue to build for the long term, and Priscilla and I will be able to give our money to fund important work sooner. Right now, there are amazing scientists, educators and doctors around the world doing incredible work. We want to help them make a bigger difference today, not 30 or 40 years down the road.”

All that we can say is, Great Job, Zuckerberg!

Also Read: Google EU Antitrust Case: Will Facebook Overtake The Mobile Market In Europe?

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About Shreya Naik

Shreya likes to keep herself updated about the happenings in the Tech world, and also to cover the tiniest of activity related to all the major players in the industry. You will find her writing mostly about upcoming gadgets, new releases, their reviews and other hot stories.

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