Facebook: We want to connect everyone
Having surpassed one billion monthly users in October 2012, Facebook founder and CEO, Mark Zuckerberg says the company’s goal is to reach everyone.
He was speaking earlier this week, following an announcement of the group’s financial results for the quarter ended June 2013.
“The real goal is to connect everyone in the world and help people map out everything that there is,” Zuckerberg said.
“Reaching 1 billion users was a great first thing to focus on because no one had ever built a service that had 1 billion active people who were signed in and had real identity before. But in a way it’s actually kind of just an abstract, there’s nothing magical about 1 billion,” he said in an earnings call.
Mark Zuckerberg Facebook CEO
The world’s biggest social network Facebook said roughly 700 million of its 1.15 billion users now visit the service on a daily basis, compared with 665 million at the end of the first quarter.
Revenue for the second quarter of 2013 totaled $1.81 billion, an increase of 53%, compared with $1.18 billion in the second quarter of 2012.
Income from operations was $562 million, compared to a loss from operations of $743 million in the second quarter of 2012.
Capital expenditures for the second quarter of 2013 were $268 million, a 35% decrease from the second quarter of 2012.
David Ebersman, CFO at Facebook said that time spent per person on the social network continues to increase. “An aggregate across everyone in our network, time spent on Facebook exceeded 20 billion minutes each day in June,” he said.
“Overall ARPU increased 25% compared to last year to $1.60 per user for the quarter including a 35% increase in the United States and Canada as well as 30 plus percent gains in all our other regions,” the finance lead said.
Shares of Facebook, which were priced at $38 in its IPO in May last year, rose 19% to $31.65 on Wednesday and an additional 29.61% to $34.359 on Thursday on the Nasdaq.
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