Facebook Inc’s (FB) Staggering Report

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July 24, 2014 11:40am NASDAQ:SOCL

ETF ReportHenry Blodget, Business Insider editor-in-chief & CEO, discusses Facebook Inc’s (NASDAQ:FB) “staggering” quarterly earnings and the social networks innovation. CNBC’s Jon Fortt provides…

“Even with over a billion current users, Facebook gained 40 million monthly active users on a sequential basis. On a year-over-year basis, it gained 162 million users, a 14% gain.  If any startup, or app was gaining 41 million new users on a quarterly basis, the tech world would be freaking out. The reaction to Facebook gaining all those users is pretty muted.  Again, this is a company with 1.3 billion users, and it’s still growing like crazy,” Jay Yarow Reports from Business Insider.

Watch the video below for more details from Henry Blodget:

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