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That's compared to the previous quarter, not the same time last year. Web usage is cyclical.
by rabidsnail 15y ago
That's compared to the previous quarter, not the same time last year. Web usage is cyclical.
- gojomo 15y agoIndeed, and Q4 (Christmas) is the peak for web advertising and most e-commerce. Even companies killing it year-over-year can show Q4->Q1 sags.
- tomkarlo 15y agoYeah, I was kind of surprised the article didn't cite Year-over-Year growth, but I don't think the other ones I saw did either.
- pessimist 15y agoNo - net income in the 3 months ending Mar 2012 declined to $205m from $233m in the 3 months ending Mar 2011. A big surprise, probably some big investment in datacenters or something. Net income can be rather bumpy, revenue growth was more solid at 45% year-over-year, but even that can't justify the massive valuation. The valuation is really a bet that FB future monetization will be amazing.