Daily Market Blog: Bigger than China
"Here are some more huge numbers from the company. Monthly Active Users (MAU) is now at 1.65 billion people of which 1.09 billion log on each day! The average US mobile user spends 30 minutes a day on Facebook and if you include their other apps like Instagram and Messenger (not WhatsApp) the number jumps to 50 minutes a day on Facebook content."
To market to market to buy a fat pig Our market bucked the global trend and finished the day in the green, up 0.3%. Anglo American PLC had another stellar day, up 9% on the news that they sold one of their non-core assets for $1.5 billion. This is part of a move from the company to reduce debt levels by a third and shore up their balance sheet and in the longer term, start paying dividends again. Over the last month Anglo is up 135% in Rands and 173% in pounds, unfortunately the stock is down 30% since last year this time. The MTN share price also had a a strong day yesterday, finishing up 3.9%, Google could not find any specific news for the move higher. One article that is worth reading though is Ten things you didn't know about MTN, only 1 in 7 subscribers currently uses data! There is huge scope for growth going forward.