Update: Facebook beats estimates. Up $3 after hours.
Facebook will report earnings after the markets close today. The stock in typical fashion has had a run up to earnings, about 6.5% over the past week. To most crypto investors, this is peanuts, but this is the institutional world of stocks where that return is amazing.
Things that will make this pop
- continued user growth
- continued average revenue per user growth, especially in Asia
- large growth of live streaming
- home assistant device
- announcement of a FB channel to compete against Netflix
- paid news feed details
- an ICO (just made this up, but man would it shake things up)
I'll continue to update this post throughout the day.
Please respond with your thoughts on what will drive this stock up or down in today's earnings report.
