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    Facebook to Spend Billions on Projects that Might Never Generate Substantial Profits

    Facebook shareholders got a sobering reminder on Tuesday: It’s Mark Zuckerberg’s company, and he is determined to spend billions of dollars over the next decade on ventures that might never generate substantial profits. Facebook reported strong growth in revenue and profit for the third quarter, continuing its recent string of impressive performances. But in a…

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    Samsung Electronics Q3 Operating Profit Down 60.1%

    Samsung Electronics Co Ltd said third-quarter profit fell 60.1 per cent from a year earlier to the lowest in more than three years, as earnings for the mobile division continued to shrink. The world’s top smartphone maker on Thursday reported a July-September operating profit of 4.1 trillion won ($3.90 billion), in line with its estimates…

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    SK Telecom Q3 net Grows 5.7% on LTE Gains

    SK Telecom’s net profit grew 5.7% year-on-year during the third quarter, thanks to LTE gains and a strong performance at chipmaker SK Hynix. Net profit grew to 531 billion won ($504.8 million). Revenue meanwhile increased 5.9% year-on-year to 4.37 billion won. SK Telecom’s LTE and LTE-Advanced subscriber base exceeded 16 million at the end of…

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