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Social network shatters Wall Street estimates UPDATED 5:38 PM EDT Jul 27, 2016 Justin Sullivan/Getty Images NEW YORK (CNNMoney) —Facebook can do no wrong. The social network shattered Wall Street's lofty estimates for sales, profits, user growth and pretty much everything else you can think of with its second quarter earnings report on Wednesday. The company now has 1.71 billion monthly active users, adding 60 million users from the previous quarter and growing its user base by 15% from the same quarter a year earlier. On mobile, where Facebook was once thought to be be struggling, the company now has 1.57 billion monthly active users, up 20% year-over-year. And if that's not enough, there are 1.13 billion people using the social network every single day, on average. Facebook's strong user growth is remarkable for an Internet company more than a decade old. It also means more eyeballs and more demand from advertisers. The company posted sales of $6.4 billion for the June quarter, up from $4 billion a year earlier. Not only does Facebook have more users to make money off of -- it's also making more money off each one of them on average. Facebook made $3.82 per user on average worldwide in the most recent quarter, up from $2.76 a year earlier. Much of that growth came from users in the U.S. All of that comes in stark contrast to Twitter, which reported this week that its user growth is stalled around 300 million. Twitter is struggling to lure advertisers, who would rather spend on larger social networks -- like Facebook. Facebook's stock, already trading at all-time highs on Wednesday, shot up by as much as 7% in after hours trading. Facebook has been firing on all cylinders in recent months, touting investments in virtual reality, messaging and even drones. Facebook Messenger recently topped one billion monthly users, making it Facebook's fourth product to reach that milestone, after WhatsApp, Groups and Facebook proper. Facebook has laid the groundwork to make money from the messaging app by encouraging users to communicate more with businesses. Instagram hit the 500 million user mark last month and is expected to hit $1.5 billion in mobile ad sales this year, according to an estimate from research firm eMarketer. Michael Pachter, an analyst with Wedbush, summed up the general investor sentiment about Facebook in a note leading up to the earnings: "Facebook is a great company, period."

Drone designed to beam connectivity to users Facebook via CNN SAN FRANCISCO (CNNMoney) —Facebook really wants to make sure everyone is on Facebook. For 96-mintues last month, the company flew a 140-foot wide unmanned drone over Yuma, Arizona. It was the first successful test flight of Facebook's full-scale Aquila drone. It is designing the boomerang-shaped aircraft to beam-connectivity down to billions of people who don't currently have access to the internet. Eventually, Facebook hopes entire fleets of the carbon-fiber drones will fly for up to 90-days at a time in the stratosphere, between 60,000 and 90,000 feet. (The test flight only went up to 2,150 feet above sea level.) The drones will be solar powered and use lasers to deliver internet connections receivers on the ground, up to 30 miles in any direction. The connections will be fast, with speeds up to tens of thousands of gigabytes per second. Though the test was a success, Facebook says it still has lots of work to do. The aircraft is about as wide as a 747, but weighs less than 1,000 pounds (most of that is batteries). To stay aloft for months at a time, the team needs to make it lighter. The company has not said who will operate the final drone fleets. Previously, Facebook's Jay Parikh, the global head of engineering, said it was not interested in becoming a plane manufacturer or an internet service provider. It would leave the actual deployment to local internet providers and governments. Aquila has been one of the flashier projects out of Facebook's two-year-old Connectivity Lab. The group focuses on innovations that can help bring the internet to the parts of the planet that are still mostly offline. It is also working on other aircraft, satellites and ground communication systems to help increase access. The group is part of Facebook's Internet.org initiative, which has been criticized by Net Neutrality advocates for its Free Basics by Facebook program. The service offers free Internet access on mobile phones, but only to a limited number of websites, including Facebook. More than four billion people still lack access to the Internet, primarily in developing countries, according to the World Economic Forum. Lack of electricity and 3G coverage are major reasons and issues a drone might be able to address. But many people also lack the funds to buy devices that can connect to the internet, are illiterate, or speak a language not widely represented online. Facebook is not the only company racing to tap this market. Google is working on its own connectivity solutions, like its giant Project Loon balloons.

WASHINGTON —If you have a Netflix account -- or other online accounts -- you've probably shared your password with a friend in the past. If you do, consider this your notice: It's now considered a federal crime. Three judges in the U.S. Court of Appeals for the Ninth Circuit issued a ruling last week, that criminalizes all password sharing. The decision comes as part of the ruling in the case of the United States v. David Nosal, which had to do with a man leaving his job but continuing to use the password of someone still working at the firm in order to download employee information, according to Fusion. In a dissenting opinion, Judge Stephen Reinhardt disagreed, expressing concern that that decision by the majority criminalizes all password-sharing, including your giving out your parent’s Netflix password to your friends. "This case is about password sharing. People frequently share their passwords, notwithstanding the fact that websites and employers have policies prohibiting it," Reinhardt wrote. "In my view, the Computer Fraud and Abuse Act does not make the millions of people who engage in this ubiquitous, useful, and generally harmless conduct into unwitting federal criminals."

So we cancelled our business internet from Bell over a year ago. A couple of months ago we suddenly start getting bills again for internet service we don't actually have and they can't figure it out. What a company.