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Thursday, March 28, 2024

There Are 1.3 Facebook Users For Every Employed Worker In The US And Canada

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Moments ago, Facebook reported, as part of its Q3 earnings report in which it beat both the top and the bottom line with $0.43 in non-GAAP EPS on a 35% non-GAAP tax rate, and $0.30 in GAAP EPS on 40% in GAAP taxes), that it now has some 1.35 billion in monthly active users, or about 20% of the world’s population. For those interested, the full breakdown of FB’s mostly non-GAAP data can be found here, but here is what stuck out to us. Facebook reported that its Monthly Active Users for the US and Canada – the segment that generates roughly half of all FB sales – rose, at a pace of about 700,000 per month, to a record 206 million. Putting that number in context: in the same two countries, there are currently about 155 million people employed. In other words, there are about 1.3 Facebook users for every single employed person in the US and Canada.

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