• Sean D. Emory

FACEBOOK INTERNAL MEMO.



Facebook just reported and we wanted to send out an internal memo regarding the earnings release. Overall, this is a company growing revenue 41% year over year, generating nearly $30B in operating cash flow, has $42B in cash, and no debt. Additionally, user metrics remain healthy overall as measured by app store trends. The company continues to invest in protecting users, building new products, and grow ing internationally. All of which will likely weigh on margins in the near term, but should reward investors over time by protecting the fundamentals of the business.


See our internal piece below.



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Sean D. Emory


Avory & Co. Founder & Chief Investment Officer


Disclaimer: This is not a recommendation for purchase or sale of any securities. Avory is a shareholder of Facebook at the time of this writing, but this can change at anytime


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