July 23, 2014 4:56 PM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NASDAQ: FB) rose 4 percent in after hours action when its second-quarter results beat estimates by a wide margin on strong growth in daily users and advertising revenue.Adjusted earnings rose 124 percent to $1.09 billion, or $0.42 cents a share, on revenue growth of 61 percent to $2.91 billion. Wall Street expected $0.32 cents a share in adjusted profits, on revenue of $2.81 billion.Year-earlier adjusted earnings were $0.18 a share on revenue of $1.81 billion.Including stock compensation and tax adjustments, net income for the recent period was $791 million, or 30 cents a share, Advertising revenue jumped 67 percent to $2.68 billion from the same quarter last year. Excluding currency impacts, advertising would have increased by 65%.Mobile advertising revenue equaled 62 of advertising revenue for the second quarter of 2014, up from 41 percent a year earlier.Daily active users grew 19 percent to 829 million on average for June 2014, while in the mobile segment users increased 39 percent to 654 million year-over-year. In after-hours trading, Facebook traded recently at $74.41, up 4.38 percent.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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