Skip to main content

Facebook to report 43% revenue growth for the quarter

ReCode’s Jeff Wagner reports this morning that when Facebook reports its second-quarter financial results, after markets close today, analysts are expecting another outstanding quarter, including 43% revenue growth.

Facebook hasn’t missed an increase in quarterly revenues in this decade – if ever.

All of this despite the speed bumps the last year with apps leaking users data and information and Facebook struggling to filter misleading, if not sinister, news and information.  Add to this CEO, Mark Zuckerberg and COO, Sheryl Sandberg living under a rock compared to their open and authentic public engagement via Facebook Live and the like over the last few years.

So despite Facebook maybe trying to shoot itself in the foot, the social network is going as strong as ever.

What does this mean for lawyers?

  • Facebook is not going away, nor are people leaving Facebook in any significant numbers.
  • The public, your clients, referral sources. and the influencers of these two, do not fear social and professional networking on Facebook. If they did, advertisers would not pay for the eyeballs on Facebook.
  • Facebook, including Instagram, remains the largest social network, any way you define it, including as far as the number of users and the time spent on it.
  • If you are not networking on Facebook you are kissing off a lot of engagement, both on personal and professional matters. Engagement that leads to a stronger name and business relationships.
  • Facebook’s revenues tied with its record of innovation is going to lead to more and better networking opportunities for lawyers. Don’t look at Facebook today, imagine how powerful it will be as a medium in a couple more years for those who are building an identity on Facebook today..
  • Instagram (owned by Facebook), a social network I don’t yet use, is going to become more and more important as a means to connect and engage with the people you’d like to get to now. It’s popularity is growing in all age groups.
  • Crawling under a rock claiming Facebook would violate your privacy, that you don’t have the time and that Facebook would not add value to your business and personal life is naive. Especially if you haven’t put in the effort to use Facebook effectively.

Facebook is a huge opportunity for lawyers — and it’s only getting bigger.

Comments

Popular posts from this blog

LexBlog Con Can Provide Legal Companies and Law Firms an Opportunity to Connect With Influencers

Imagine a “LexBlog Con” where leading legal brands from startups to traditional larger players to law firms are offered the opportunity to connect with legal bloggers. After all, legal bloggers are quickly supplanting reporters and traditional media as the influencers of our legal community. From a blogger attendee, today, at BlogHer19 in Brooklyn. Day 1 of @BlogHer was wonderful. So many amazing brands to connect with #blogher19 #blogherpro #blogherlife #blogherstyle #blogherhealth19 #womenslifestyle #lifestyleblogger #lifestyleblog pic.twitter.com/IIcVrg9apz — Mademoiselle Skinner (@guestlistblog) September 18, 2019 There may not be a better way for legal industry companies to connect with the biggest influencers in legal than a conference of legal bloggers, ala LexBlog Con. LexBlog Con could start as simple as BlogHer did years ago and, as we had discussed for this last year, as a larger meetup of legal bloggers for a day of blogger education and networking. But ...

Twitter is better all around for lawyers at 280 characters than 140

When I saw that Twitter was considering increasing its character limit from 140 characters, I saw it as a bad thing. A company struggling in the financial community’s eyes making changes for the sake of change – not vision. I also saw an increase as making for a poor user experience. People would start to use Twitter for more than it is, short quips with a link for getting more. People who don’t know how to use social media, often marketers and communication professionals, would broadcast more, believing more characters was more, not less. And with longer tweets, the ability to scroll would be harder as columns on Twitter’s home page and lists would be twice as long. I was wrong. Twitter with the 280 character is a better experience — and more valuable for those looking to learn, share, engage, nurture relationships and build a name. All the stuff smart lawyers and other professionals are after. Leading technologist and the inventor of the blog, Dave Winer ( @davewiner ) was right...

Manav Monga, Co-Founder of Heymarket, on Enterprise Applications, and Integrating with Clio

Kevin speaking with Manav Monga, co-founder of Heymarket , a Launch // Code finalist for the $100,000 grand prize awarded by Clio. Manav previously co-founded Manymoon, a social productivity app acquired by SalesForce.com in 2011.