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👍 | Commentary: Facebook's market power leaves news…

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Commentary: Facebook's market power leaves news…

In its last second quarter financial report, Facebook reported it had more than 2.7 billion users worldwide, and 256 million users in the United States and Canada. Based on population statistics, the huge platform's reach among users in the US and Canada is almost 70% Facebook also reported average revenue of $ 7.05 per user, worldwide, and $ 36.49 each in the US and Canada. This all added up to more than $ 18 billion in advertising revenue and a net income of more than $ 5 billion… in one quarter! According to Statista, Facebook now controls 77% of all social network… → Continue reading

 The Seattle Times

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