There are over 300 million photos uploaded to Facebook every day. Wall Street expects revenues of about $1.44bn, up from $1.06bn a year ago. That’s likely to result in lower oil supply later this decade, which in turn could support prices.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. (Bloomberg) -- Arabian Drilling Co., a Saudi oilfield-services company partly held by Schlumberger NV, is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter.The firm, also owned by Saudi Arabia’s Industrialization & Energy Services Company, known as Taqa, has asked banks to pitch for a role on the potential share sale, the people said, asking not to be identified as the information is private.Arabian Drilling may complete a deal on Riyadh’s stock exchange before the end of the year, they said. Analysts at Jefferies bank have developed an algorithm that interfaces directly with Facebook software and it "suggests user levels in [the first quarter] may have declined from peak", according to a recent note. These businesses raise cash from investors to buy a private company – typically without telling shareholders what the target is. But although he expects a rapid recovery, Mr Buffett also fears that inflation will rapidly pick up in a way that America has not experienced for over a decade. While the administration’s plan remains in its infancy and is sure to face intense scrutiny from lawmakers in the months ahead, even an incremental hike in the capital-gains rate would likely spur further ETF usage, according to David Perlman, an ETF strategist at UBS Global Wealth Management.“If capital gains tax rates are going to be higher, if you have a choice of a structure that helps to defer capital gains and gives you more control over when to recognize those gains, you’d be more inclined to go in that direction,” Perlman said.When an investor exits a mutual fund, the fund’s manager must sell securities to raise cash for the redemption. The company now has 196 million users in North America, down slightly from 198 million last quarter. Some conservative Facebook users have not waited for events to tell others they are at least trying Parler. During a call with analysts, CEO Mark Zuckerberg emphasized Facebook’s work to prepare for the upcoming election, and said he’s worried about the possibility of “civil unrest” after election day. User growth in the United States in Canada — the company’s most lucrative ad market — has declined, Facebook reported as part of its third-quarter earnings. The same investor leaving an ETF can sell their shares on to another investor, meaning neither the fund nor its manager has made a taxable transaction.Meanwhile, the “in-kind” process used to create and redeem shares in an ETF -- whereby the ETF issuer exchanges the fund’s underlying securities with a market maker rather than transacting in cash -- means the ETF rarely executes a taxable sale.A December study by researchers at Villanova and Lehigh universities found that over the past five years, ETFs have averaged a tax burden 0.92% lower than active mutual funds. The average amount of time a users spends on Facebook every day is 58 minutes. Facebook has lost millions of users per month in its ... Meituan could face a penalty of as much as 10% of its revenue if it’s found to have violated regulations. Facebook brought in $27.2 billion in ad revenue in Q4 2020. The social network has grown considerably since hitting 100 million users in 2008. “In the fourth quarter of 2020, we expect this trend to continue and that the number of DAUs and MAUs in the US & Canada will be flat or slightly down compared to the third quarter of 2020.”, Facebook lost users in the US this quarter + company expects it will lose more next as people get back to more "normal" use post-COVID pic.twitter.com/fWPn2b60zc. • Twitter will grow by 4.3% this year to 4.0 million users. "There is a boredom factor where people like to try something new. Facebook has lost millions of users per month in its biggest markets, independent data suggests, as alternative social networks attract the attention of those looking for fresh online playgrounds. The slowdown also doesn’t seem to have affected Facebook’s revenue, which was up to $21.4 billion for the quarter, an increase of 22 percent from last year and better than analyst expectations for the company. Watch SpaceX's Crew-1 mission return to Earth starting at 8:35PM ET, Tesla's Powerwall+ is a higher-power battery for off-grid living, You can drill a keyring hole in Apple's AirTags (but you probably shouldn't), SpaceX Crew-1 mission broke a spacecraft longevity record. That’s about 13% more than the five biggest international oil producers, flipping a decades-old hierarchy.“It’s wild,” said Mark Hansen, chief executive officer of London-based trading house Concord Resources Ltd. “The value right now has shifted from energy to metals.”The eye-watering mining profits are mainly a product of iron ore, the world’s biggest commodity after oil. Flanked by Charlie Munger, vice chairman of Berkshire Hathaway, he also joined to a growing number of critics of special-purpose acquisition companies (SPACs), also known as “black cheque” entities. Over the same span, 37 of 39 domestic equity mutual funds from T. Rowe Price Group Inc. incurred a capital gain, the analysis showed.“We expect more people that mix ETFs and mutual funds together will be more inclined to shift toward strategies to avoid paying higher capital gains taxes in the future,” Rosenbluth wrote.Even investors not affected by the higher rate could migrate toward ETFs, he added. Its preferred inflation gauge finally rose above 2% in March, clearing that level for the first time since 2018. This month a market research firm, eMarketer, reported a decline in Facebook usage in the US, saying the typical Facebook user spent 38 minutes a day on the site, down from 41 minutes in 2017. Next week is also expected to bring another robust jobs report, with forecasts calling for the second straight month of gains exceeding 900,000.Against that backdrop, the 10-year Treasury yield will likely move to 2% or higher over the next few months -- from just above 1.6% now -- and breakeven inflation rates will keep climbing, said Craig Brothers, a senior portfolio manager and co-head of fixed income at Bel Air Investment Advisors, which manages over $8 billion.“It’s sort of like the perfect storm” with “the economy getting every benefit possible as the Fed is standing aside and Washington is helping as much as they can,” he said. The most significant is Facebook Home, software that can be downloaded on to certain Android phones to feed news and photos from friends – and advertising – directly to the owner's locked home screen. Monthly Active Users from Asia are 1,013,000. Facebook has lost a million daily and monthly active users in the last three months, the company's latest financial results have revealed.. • Snapchat will grow by 7.5% this year to 10.6 million users. Facebook saw $47.6 billion erased from its public valuation, while Twitter’s market cap dropped by $3.5 billion. All the bad press about Facebook might be catching up to the company. The drop-off has been higher among younger users. The result was that supply largely stopped rising and prices started to pick up.The good news for investors is that during this wave of high prices they’re likely to see more of the profits. "The problem is that, in the US and UK, most people who want to sign up for Facebook have already done it," said new media specialist Ian Maude at Enders Analysis. The minister in charge of bank legislation, Simon Kollerup, turned to social media to launch an attack on the financial sector, and the “greed” he said it represents.“Banks have recently been lowering the bar for negative rates,” he said. And secondly -- the question that a lot of people make so I’ll take the opportunity to make it clear -- there is no transformation and M&A on our radar as well.”Big Oil is now doing the same, with companies from Exxon to BP abandoning oil output growth plans in an effort to regain shareholder trust: they have slashed spending on new projects, and after paying down debt, are promising to reward investors rather than develop new fields and refineries as they did during the previous cycle. Facebook also says it has 1.6 billion Daily Active Users. The number of minutes Americans spend on Facebook appears to be falling, too. Next year it will rise to 222.1, then by 2023, increase again to 223.2 million users. The surge in growth Facebook saw at the start of the coronavirus pandemic appears to be slowing down. Over the past five months, Royal Bank of Canada (RBC), Toronto-Dominion Bank and Bank of Montreal, have announced plans to achieve net-zero emissions, but lacked details including a definition of that goal, interim reduction targets and plans to move away from traditional energy sources. Some pointed as well to possible cuts to 20-year bond auctions, which the government resumed selling last year after a long hiatus.What to WatchThe economic calendar:May 3: Markit U.S. manufacturing PMI; construction spending; ISM manufacturingMay 4: Trade balance; factory/durable goods/capital goods ordersMay 5: MBA mortgage applications; ADP employment; Markit U.S. services PMI; ISM servicesMay 6: Challenger job cuts; nonfarm productivity; jobless claims; Langer consumer comfortMay 7: Nonfarm payrolls; wholesale inventories/trade sales; consumer creditThe Fed calendar:May 3: Powell speaks on community developmentMay 4: San Francisco Fed’s Mary Daly; Dallas Fed’s Robert KaplanMay 5: Chicago Fed’s Charles Evans; Cleveland Fed’s Loretta MesterMay 6: Kaplan; Mester; Fed financial stability reportThe auction calendar:May 3: 13-, 26-week billsMay 4: 42-day cash-management billsMay 6: 4-, 8-week billsFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. 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