Generally Accepted Accounting Principles - AllFacebook

Facebook’s 4Q Earnings: Mobile Daily Average Users Top Web, Revenue Up, Expenses Sink Net Income

David Cohen — Wed, 30 Jan 2013 16:51:50 +0000

Facebook’s transition to a mobile company continues unabated, as the social network announced within its fourth-quarter earnings release that mobile daily average users surpassed Web DAUs during the period for the first time ever.

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Facebook Posts 3Q Net Loss On Increased Revenues; Totals 1.007 Billion Monthly Active Users, 640M Mobile MAUs

David Cohen — Tue, 23 Oct 2012 17:01:30 +0000

Facebook posted a net loss of $372 million in the third quarter of 2012 using generally accepted accounting principles, or $59 million following the GAAP income tax provision for the third quarter of $431 million, compared with net income of $227 million in the third quarter of 2011, on revenue of $1.26 billion, which was up 32 percent from $954 million in the year-ago period.

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Facebook Praised For Minding The GAAP

David Cohen — Wed, 15 Feb 2012 17:44:01 +0000

The biggest surprise about Facebook’s initial public offering prospectus to some in the accounting and finance communities was that there were no big surprises.

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