Cheddar Morning Business Update 11/2: Facebook reports more than 2B active users

<p>The number is an increase of 16 percent from last year.&nbsp;</p>

News 12 Staff

Nov 2, 2017, 1:05 PM

Updated 2,372 days ago

Share:

President Trump will announce his pick to lead the Federal Reserve this afternoon. Janet Yellen's term ends in February. 
Meanwhile, Facebook reported its earnings yesterday and they blew past expectations. The site now has more than 2 billion active users, an increase of 16 percent from last year. 
Shares initially popped, but are now falling because CEO Mark Zuckerberg says the company will spend so much money on security that it will "significantly impact" profits. 
Lastly, LinkedIn analyzed data from its site to figure out the top 50 startups that job seekers want to work for. 
WeWork, AirBNB, Lyft and Slack are in the top five, and at No. 1 is Uber, despite all the negative headlines about its company culture. 


More from News 12
10:39
Pro-Palestinian protesters arrested at Stony Brook University

Pro-Palestinian protesters arrested at Stony Brook University

1:47
Sun and warm temps through end of workweek, rain possible this weekend

Sun and warm temps through end of workweek, rain possible this weekend

0:25
Suffolk police: Plane lands safely on Cedar Beach in Mount Sinai

Suffolk police: Plane lands safely on Cedar Beach in Mount Sinai

1:37
Public hearing held on Mount Sinai South Nassau Hospital's filing for additional parking

Public hearing held on Mount Sinai South Nassau Hospital's filing for additional parking

1:21
DEC: 2 additional 'anomalies' found under baseball field at Bethpage Community Park

DEC: 2 additional 'anomalies' found under baseball field at Bethpage Community Park

2:05
'He didn't care about the consequences.’ Man pleads guilty to East Massapequa crash that killed 4

'He didn't care about the consequences.’ Man pleads guilty to East Massapequa crash that killed 4

0:13
School officials: Cyberattack causes internet, phone outage at Mineola Public Schools

School officials: Cyberattack causes internet, phone outage at Mineola Public Schools

1:51
Students like food, not prices, from food trucks brought in by NCC following dining services closure

Students like food, not prices, from food trucks brought in by NCC following dining services closure

0:32
Prosecutors: Shirley woman sold misbranded, adulterated weight loss drugs on TikTok

Prosecutors: Shirley woman sold misbranded, adulterated weight loss drugs on TikTok

0:26
Mets partner with Smithtown nonprofit to raise future service dog for veteran or first responder

Mets partner with Smithtown nonprofit to raise future service dog for veteran or first responder

0:24
Man, woman wanted for stealing wallet in Huntington Station

Man, woman wanted for stealing wallet in Huntington Station

0:27
MTA approves plan to discount monthly LIRR tickets for NYC, excludes Long Island

MTA approves plan to discount monthly LIRR tickets for NYC, excludes Long Island

1:46
What's Cooking: Steak Taco

What's Cooking: Steak Taco

2:57
Garden Guide: Food you can grow anywhere

Garden Guide: Food you can grow anywhere

Guide: Mental health resources available in the tri-state

Guide: Mental health resources available in the tri-state

2:01
US Preventative Services Task Force updates guidance for women to start getting mammograms at age 40

US Preventative Services Task Force updates guidance for women to start getting mammograms at age 40

0:33
Family: Floral Park teen struck by dirt bike in Albany in critical condition

Family: Floral Park teen struck by dirt bike in Albany in critical condition

0:53
USDA report: Long Island Game Farm giraffe was malnourished before death

USDA report: Long Island Game Farm giraffe was malnourished before death

1:53
Shop Mother’s Day Gifts – Exclusive Offers Up to 75% OFF!

Shop Mother’s Day Gifts – Exclusive Offers Up to 75% OFF!

2:27
Town of Hempstead IDA holds hearing on Hillcrest of Floral Park apartments

Town of Hempstead IDA holds hearing on Hillcrest of Floral Park apartments