Alphabet (GOOGL) slips after hours despite Street-beating Q2 >>> READ MORE

Facebook Hits Major Milestone: 1 Billion Users

However, Wall Street merely blinks at the achievement


From its start in February 2004, Facebook (NASDAQ:FB) has been a magnet for traffic. And the result of more than eight years of pull? Today, Facebook reached 1 billion monthly active users.

While this is a huge achievement, Wall Street is not impressed, with the stock unchanged. All told, FB shares are off about 42% from the IPO in May.

Mark Zuckerberg has been talking up monetization lately, as seen with his recent interview at the Disrupt conference. Yet investors still want more than lip service; they want tangible results. But with the rapid move to mobile — which now accounts for 60% of traffic — it’s not going to be easy or quick. It easily could take a few quarters to get significant traction on revenue growth.

Tom Taulli runs the InvestorPlace blog IPOPlaybook, a site dedicated to the hottest news and rumors about initial public offerings. He is also the author of “How to Create the Next Facebook.”  Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC