c2033f7d_ove_the_Crowd___By_Bill_Gurley__Metric_
[Comments:] Gross margin has hovered between 75-80% for the last several quarters. This is a fantastic overall gross margin. It would be great to think they have more leverage here, but as the largest Internet site in the world, this probably represents peak margins. [Grade:] A [Metric:] 
Gross Margin Levels
Why Facebook Clearly Belongs in the 10X Revenue Club | Above the Crowd | By Bill Gurley
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