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

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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 conference call to discuss the results with investors, Zuckerberg, Facebook’s co-founder and chief executive, focused more on his vision for the company over the next three, five and 10 years. Read more here.

Wahengbam Rorrkychand

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Website: http://www.blog.tonsetelecom.com

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