Emma Asma Cornwall
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Emma Asma Cornwall in Gainers & Losers,

Facebook shares should go north

Facebook, Inc. today reported financial results for the quarter ended March 31, 2016.

"We had a great start to the year," said Mark Zuckerberg, Facebook founder and CEO. "We're focused on our 10 year roadmap to give everyone in the world the power to share anything they want with anyone."

First Quarter 2016 Operational Highlights

  • Daily active users (DAUs) – DAUs were 1.09 billion on average for March 2016, an increase of 16% year-over-year.
  • Mobile DAUs – Mobile DAUs were 989 million on average for March 2016, an increase of 24% year-over-year.
  • Monthly active users (MAUs) – MAUs were 1.65 billion as of March 31, 2016, an increase of 15% year-over-year.
  • Mobile MAUs – Mobile MAUs were 1.51 billion as of March 31, 2016, an increase of 21% year-over-year.

Not going into detail, report looks good, but stock reaction is rather muted, but I still hope that this triangle on daily chart will work for bulls