Facebook has fallen out of favor with Wall Street but the numbers reported in the latest quarter are mind boggling. Monthly active users of 1.4 billion of which 65% or 936 million are daily active users. More importantly, the Average Revenue Per User (ARPU) was up year over year in all geographies a minimum of 20%. I am quite optimistic Facebook has just begun to monetize their user base. For context, Google ARPU was approximately 6x Facebook last quarter. A few of the slides showing the scale of the Facebook ecosystem shown below: