Among the social media sites, Facebook is one of the leading names. Though there are many other platforms also in the market yet it is on the top. Facebook, an American social network and technology establishment that was founded in the year 2004 by five Harvard classmates including Mark Zuckerberg, Dustin Moskovitz, Eduardo Savarin, Chris Hughes, and Andrew McCollum. They started this as one of a project where one could to able to create a profile over the internet and post various updates to the friends made on the platform.
They launched this prototype in their college campus. It quickly started gathering attention and very loved the new tool. They then thought to release for all in the world to get connected with their loved ones and make new friends over the air. It rapidly became acknowledged for idioms like “Friending”, and it’s well-known like button, and then they added messaging and picture and video sharing capabilities. The next earnings date for Facebook is 30th January 2019.
In the past 14 years since their inception, they have grown into a robust and much use advertising platform. All businesses now wish to have a page on Facebook to let their customers know all about their updates and drive new customers and lead and successfully convert them. Mark Zuckerberg leads Facebook. In his leadership, Facebook has been successful in adding 1 billion daily active users.
Most of the users of Facebook access it through mobile devices. Facebook also has much acquisition in recent years. It now has Instagram and WhatsApp. Facebook Messenger, the chat app from Facebook also has blossomed into 1 billion user platform. It acquired Instagram in the year 2012, which boomed about 600 million users under its ownership. It then acquired WhatsApp and Oculus VR in 2014.
Market analysts are looking to know about their earnings in the last quarter in the next earnings date for Facebook. Oculus Rift, the revolutionary VR earpiece that began distribution to consumers in the year 2016, gave Facebook a bang at the existence of being the defining player in the next era of digital interfaces.
As Facebook follows its virtual reality intentions, the big query is how it can amalgam VR with its mission testimonial to unite the world and make it easy for people to share what’s significant to them with their networks and family. Facebook’s Social VR edge is meant to extend Facebook involvement into virtual reality. It currently has over 17000 employees.
Facebook has already made it imaginable for individuals to video chat in virtual reality via Facebook Messenger. It has also released the allusion project for the Surround 360. It is an open-source, high-end 360-degree camera system that has a whole range of flexibilities. People can build one and then modify according to their usage. Many other companies are also looking forward to designing and develop essential VR platforms for Social Media.
The Consensus EPS Forecast is made to be $2.17 billion. Stayed tuned to know more in the upcoming earnings date for Facebook.READ MORE