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Title: Facebook is betting big on the future and plans to lose money in the process Post by: HCK on October 30, 2014, 03:00:17 pm Facebook is betting big on the future and plans to lose money in the process
<article> <section class="page"> <p> Another quarterly earnings report (http://investor.fb.com/releasedetail.cfm?ReleaseID=878726), another slam dunk for Facebook. The company made $3.2 billion in the third quarter, up 59 percent year-over-year, and grew to 1.35 billion monthly active users. More than 700 million people check Facebook on their phones every single day. These are impressive numbers. But Facebook is about to toy with the hearts and minds of investors, shareholders, and analysts by spending the next year investing heavily in its passion projects: WhatsApp, Oculus, and Internet.org.</p><p> Facebook has proved that its advertising business is strong. The company makes money hand-over-fist every single quarter. But founder and CEO Mark Zuckerberg is more interested in the long-term, and unlike most execs, Zuck is happy to share what his priorities will be over the next three, five, and 10 years.</p><p class="jumpTag"><a href="/article/2840577/facebook-is-betting-big-on-the-future-and-plans-to-lose-money-in-the-process.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article> Source: Facebook is betting big on the future and plans to lose money in the process (http://www.macworld.com/article/2840577/facebook-is-betting-big-on-the-future-and-plans-to-lose-money-in-the-process.html#tk.rss_all) |