Advertisement
Singapore markets closed

  • Straits Times Index

    3,187.66
    +32.97 (+1.05%)
     

  • S&P 500

    5,022.21
    -29.20 (-0.58%)
     

  • Dow

    37,753.31
    -45.66 (-0.12%)
     

  • Nasdaq

    15,683.37
    -181.88 (-1.15%)
     

  • Bitcoin USD

    61,558.23
    -1,616.93 (-2.56%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • FTSE 100

    7,867.75
    +19.76 (+0.25%)
     

  • Gold

    2,394.60
    +6.20 (+0.26%)
     

  • Crude Oil

    81.84
    -0.85 (-1.03%)
     

  • 10-Yr Bond

    4.5850
    0.0000 (0.00%)
     

  • Nikkei

    38,079.70
    +117.90 (+0.31%)
     

  • Hang Seng

    16,385.87
    +134.03 (+0.82%)
     

  • FTSE Bursa Malaysia

    1,544.76
    +4.34 (+0.28%)
     

  • Jakarta Composite Index

    7,166.81
    +35.97 (+0.50%)
     

  • PSE Index

    6,523.19
    +73.15 (+1.13%)
     

How Will Instagram Contribute to Facebook’s Revenue?

Scarlett Ness
Updated
How Will Instagram Contribute to Facebook’s Revenue?

Social media giant Facebook (FB) topped earnings expectations in its second-quarter results, which it reported on July 25. However, it missed on revenue due to sluggish growth in its number of global daily active users and challenges surrounding its business model. Facebook has cautioned investors about its sluggish revenue growth in the near term. Its revenue growth rate is expected to fall in the high single digits compared to previous years in the third and fourth quarters.

Continue reading