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Facebook (#FB) reported Q1 earnings and crushed analyst expectations! The tech giant announced (GAAP EPS of $3.30 beats by $0.96) and revenue of $26.17B (+47.5% Y/Y).
Despite more people coming out of lockdown, #Facebook was able do increase Daily Active Users (DAU) to 1.88B and Monthly Active Users (MAU) to 2.85B. CEO and founder Mark Zuckerbergh also announced that the company is taking steps to increase its marketplace presence in Instagram, which could help drive revenue further.