Facebook (FB) reports Q1 revenue of $1.06B (up from $731M a year ago) with monthly active users...

|About: Facebook (FB)|By:, SA News Editor

Facebook (FB) reports Q1 revenue of $1.06B (up from $731M a year ago) with monthly active users jumping to 901M (from 845M at Q4's end), according to its amended S-1. As for the Instagram acquisition, it paid $300M in cash and about 23M shares. Assuming $1B for a dollar amount, it means Facebook expects its stock to price at about $30 each.