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I'm not sure I follow your math. Facebook had the following figures at the close of 2017 per https://investor.fb.com/investor-news/press-release-details/2018/Fa
by Denzel 9y ago
I'm not sure I follow your math. Facebook had the following figures at the close of 2017 per https://investor.fb.com/investor-news/press-release-details/2018/Facebook-Reports-Fourth-Quarter-and-Full-Year-2017-Results/default.aspx https://investor.fb.com/investor-news/press-release-details/...:
Earnings (Q4 2017): $4B
Earnings (Y2017): $16B
Revenue (Q4 2017): $13B
Revenue (Y2017): $40B
So, maybe you're confusing revenue with earnings (net income) and a quarter (3 months) with the entire year (12 months). Because $90B is over 20x FB's Q4 2017 earnings and over 5x their entire 2017 earnings.
- crowbahr 9y agoI messed up. I saw their Q4 revenue statement and read the year end 40B as the Q4 revenue. My bad.