The Banking Executive - Decemebr 2021, Issue 156

the BANKING EXECUTIVE 28 ISSUE 156 DECEMBER 2021 Covid-19 Impact On Tech Companies FACEBOOK - Revenue (TTM): $85.97 billion - Net Income (TTM): $29.14 billion - 1-Year Trailing Total Return: 76.58% - Exchange: Nasdaq Despite the COVID-19, an advertiser boycott, and an appearance before US officials over possible antitrust vi- olations, Facebook has once again reported steady growth in its latest earnings report, with the platform now exceeding 3 billion users world- wide. In 2020, Facebook added an- other 100 million monthly active users in Q2, taking it to 2.7b users. Facebook's MAU growth rate is di- rectly connected with people, look- ing for distractions amid the COVID-19 lockdowns start. People started to spend more time on Face- book, by reading news, communi- cating with friends, and just spending time watching videos and other visu- als. Facebook is now seeing 1.8b indi- vidual logins each day. Facebook also continues to see high engage- ment, with 66% of its monthly active users logging in every day, which has been consistent for several quarters.