Stockpair traders should keep an eye on these events today:
|EUR||CPI (YoY) (Jan)|
|USD||GDP (QoQ) (Q4)|
|CAD||GDP (MoM) (Nov)|
January 30, 2015
Reports released today showed that in 2014, the top four apps in the world — Android and iOS — were Facebook properties, according to App Annie. Facebook Messenger led the charge, while Facebook was second. WhatsApp was third, while Instagram was the fourth most downloaded app of 2014.
Facebook has been releasing focused apps like Stickered or Rooms, and existing apps like Paper or Messenger have been seeing impressive improvements over time. WhatsApp and Instagram both boast increased user metrics, too.
Facebook just reported their third quarter earnings for 2014, and they are pretty impressive. For all the attention paid to Facebook tanking, or a possible ‘killer’ on the horizon, the social networking giant just steamrolls the competition time and again. This time, they’ve had their first $3 billion quarter, returning $3.2 billion in revenue.
Facebook earned $12.5 billion, making 2014 their first $10 billion year. In 2013, Facebook brought in $7.9 billion. Their earnings for 2014 are nearly double what they brought in for 2012. Facebook founder and CEO Mark Zuckerberg said “we got a lot done in 2014.”
Moving from the social media giant to the e-commerce giant, Alibaba disappointed investors. At first glance, the smartphone figures Alibaba posted Thursday in its first full quarterly earnings report appeared stellar. The company collected more than $1 billion in mobile revenue. Some 42 percent of all the transactions across its online marketplaces were on smartphones and tablets.
But overall sales came in lower than analysts projected, missing by 1.5 billion yuan ($240 million). The mobile monetization rate increased but to less than 2 percent, a lot lower than the 2.7 percent overall rates. In other words, it’s harder to convert smartphone swipes than desktop clicks into sales.
Making the shift to mobile has been has been a priority for Alibaba since investors kept asking about the issue in the run-up to its record-breaking $25 billion IPO in September. Companies from Facebook to Alibaba’s local Chinese rival Tencent are battling to win customers who increasingly access the Internet by smartphone. China alone has 527 million mobile Internet users.