Facebook's 1Q 2018 Operating Results Are Exceptional ........................................................................................ Facebook's 1Q 2018 Total Revenues Were Up 50% Over Its 1Q 2017, An Acceleration From Its 4Q 2017 Total Revenue Growth of 47% (Alphabet's 1Q 2018 Total Revenues Were Up 26% on a Much Higher Base Than Facebook's, Also an Acceleration From Its 4Q 2017 Total Revenue Growth of 24%) ........................................................................................ Facebook's 1Q 2018 US GAAP Net Income Growth Was a Blistering 63% Over the 1Q 2017 (Alphabet's 1Q 2018 US GAAP Net Income Growth Was 73% and Its Core Net Income Growth Was 29% On a Much Higher Base Than Facebook's) ........................................................................................ Facebook's 1Q 2018 US GAAP Effective Income Tax Rate Was Only 11.1%, Alphabet's US GAAP Effective Income Tax Rate Was 10.8% and Its Core Effective Tax Rate Was 14.0%. It's Not Just US Domestic Corps Benefiting From the Trump Tax Cuts Act, It is Also Extremely Beneficial to Very Creative US Multi-National Corps. On the Other Hand, the US Government With Its Monstrous Loss of Tax Revenues is a Huge Loser in the Trump Tax Cuts Act ........................................................................................ Despite Trying, There's Little the US Government Can Do To Slow Down the Huge Earnings Growth of the Big 2 Software Giants: Alphabet and Facebook: The Upward Momentum of Computer Software Is Just Too Powerful and These Two Rule ........................................................................................ Facebook's Employee Count Was 27,742 at March 31, 2018, Up 48% From a Year Ago (Alphabet's Was 85,040, Up 15% From a Year Ago)