{"id":7593,"date":"2018-07-27T09:04:20","date_gmt":"2018-07-26T23:04:20","guid":{"rendered":"https:\/\/reckoner.com.au\/?p=7593"},"modified":"2018-07-27T09:04:20","modified_gmt":"2018-07-26T23:04:20","slug":"end-of-quarter-results-bring-amazon-highs-facebook-lows","status":"publish","type":"post","link":"https:\/\/reckoner.com.au\/news\/end-of-quarter-results-bring-amazon-highs-facebook-lows\/","title":{"rendered":"End of quarter results bring Amazon highs &#038; Facebook loooooooooows"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7594\" src=\"https:\/\/media.reckoner.com.au\/wp-content\/uploads\/2018\/07\/27125507\/Screen_Shot_2018_07_25_at_2.54.06_PM.png.jpeg\" alt=\"\" width=\"920\" height=\"701\" srcset=\"https:\/\/media.reckoner.com.au\/wp-content\/uploads\/2018\/07\/27125507\/Screen_Shot_2018_07_25_at_2.54.06_PM.png.jpeg 920w, https:\/\/media.reckoner.com.au\/wp-content\/uploads\/2018\/07\/27125507\/Screen_Shot_2018_07_25_at_2.54.06_PM.png-300x229.jpeg 300w, https:\/\/media.reckoner.com.au\/wp-content\/uploads\/2018\/07\/27125507\/Screen_Shot_2018_07_25_at_2.54.06_PM.png-770x587.jpeg 770w, https:\/\/media.reckoner.com.au\/wp-content\/uploads\/2018\/07\/27125507\/Screen_Shot_2018_07_25_at_2.54.06_PM.png-380x290.jpeg 380w, https:\/\/media.reckoner.com.au\/wp-content\/uploads\/2018\/07\/27125507\/Screen_Shot_2018_07_25_at_2.54.06_PM.png-800x610.jpeg 800w\" sizes=\"(max-width: 920px) 100vw, 920px\" \/><\/p>\n<blockquote><p>&#8230;for the first time in three years, Facebook failed to meet Wall Street\u2019s expectations for revenue and user growth. The company\u2019s user base of 185 million users in the United States and Canada remained flat over the last quarter, and added just 22 million users worldwide \u2014 the lowest number of additions since at least 2011.<\/p><\/blockquote>\n<p>Is it the beginning of the end for Facebook? Perhaps. Unlikely.<\/p>\n<p>It was enough to spook investors though. Facebook stock dropped almost 20% in the day of trading following the announcement. That equates to US$119b in the single greatest loss in US trading history.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: Facebook stock collapse wipes out $119 billion in market value, one of the worst single-day losses in history.<\/p>\n<p>&mdash; The Associated Press (@AP) <a href=\"https:\/\/twitter.com\/AP\/status\/1022581944218001408?ref_src=twsrc%5Etfw\">July 26, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<hr \/>\n<p>On the extreme flip-side, Amazon is rapidly approaching a $1 <em>trillion<\/em> valuation.<\/p>\n<blockquote><p>Amazon reported earnings for the second quarter of 2018 today, posting an even higher profit than Wall Street analysts estimated thanks in large part to boosts in North American operating income, its highly profitable cloud computing business, and booming sales in its growing ad division.<\/p><\/blockquote>\n<p>Amazon reported earnings of US$5.07 per share, which was doubled the estimated amount and resulted in a paltry US$2.5b in profit &#8211; a 1200% increase of the same quarter the year before!<\/p>\n","protected":false},"excerpt":{"rendered":"&#8230;for the first time in three years, Facebook failed to meet Wall Street\u2019s expectations for revenue and user&hellip;\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[10],"tags":[482],"jetpack_publicize_connections":[],"reckoner_social_message":null,"_links":{"self":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/posts\/7593"}],"collection":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/comments?post=7593"}],"version-history":[{"count":3,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/posts\/7593\/revisions"}],"predecessor-version":[{"id":7598,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/posts\/7593\/revisions\/7598"}],"wp:attachment":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/media?parent=7593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/categories?post=7593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/tags?post=7593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}