Here’s what you should know.

1. Facebook beats expectations across the board with Q4 results

What? Mobile ads drove a 50% jump in revenue that far outpaced the company’s spending, with the company inching closer to gaining an unprecedented audience of two billion monthly users.

Shares of Facebook, which have risen about 14% since the start of the year, were up about 1.5% in after hours trading on Wednesday. Mobile continued to play a key role in revenue growth during the last three months of 2016, with mobile ads accounting for 84% of total ad revenue during the quarter.

Read the rest of the story here.

 

2. Indonesia’s financial ecommerce provider Cermati raises seven digit funding

What is Cermati? Cermati’s online offering helps customers research and get financial products, such as credit cards, auto loans, personal loans and mortgages that suit their needs.

Where did the funding come from? The seven figure digit funding came from Orange Growth Capital (OGC), a fintech VC firm.

What will the funding be used for? Team expansion, product development and technical enhancements.

Read the rest of the story here.

 

3. Amazon will build its own $1.5 billion air cargo hub

The company just revealed that it’s investing $1.5 billion in a new air cargo hub, which will occupy a spot that crosses the Cincinnati and Kentucky border, and eventually result in around 2,000 total new jobs. The planes are designed to help Amazon handle its increasing transportation needs, which are growing as its share of global retail business increases.

Read the rest of the story here.

 

Community Chatter: Industry experts are talking about Gita, a parcel carrying robot

Read about Piaggo’s Gita here.

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