The bottom line
Though Facebook has 1.5 billion users, the 242 million in the U.S. and Canada are the most valuable. Facebook takes in $34.90 in ads for each of those users, for a total of more than $200 billion. Each of the 947 million users in the Asia-Pacific region, by contrast, generates $3.
It takes $478,000 in annual income to make it into the top 1 percent of U.S. earners. That’s close to six times the $81,000 cutoff in India, though less than the $891,000 it takes to get into the top 1 percent in the United Arab Emirates.
UCLA students call about 11,000 Uber and Lyft rides every week that never leave campus, often using them to get to and from class.
UCLA Daily Bruin
Saudi Arabia said it had confiscated more than 400 billion riyals—about $106 billion—in the anticorruption probe that began in 2017. Many prominent Saudi businessmen were arrested, starting in November 2017, and forced to sign over property to the government.
The average homebuyer now needs 7.2 years to save a 20 percent down payment for a home. Confirming some Millennial fears, that’s a year and a half longer than it took a generation ago.
Tesla cut the price of its Model 3 by $1,100 to $42,900. That’s still well short of a $35,000 goal—though Tesla now says owners hit the lower price through energy incentives and gas savings.
The Wall Street Journal