Thursday, January 29, 2015

Biz Break: Facebook growth still strong despite warning of slowdown - San Jose Mercury News

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"Sterne Agee analyst Arvind Bhatia described Facebook's earnings as "better across the board" than its previous report, describing it as an "outstanding quarter."

"Reach, engagement and monetization -- they exceeded on all fronts," he said in a telephone interview Wednesday afternoon.

Expectations of decelerating revenues and a patient path to producing profits from large acquisitions such as WhatsApp and Oculus VR have turned off some investors and analysts, but Facebook seems committed to avoiding talk of monetization for its expensive toys. In Wednesday's conference call, Zuckerberg called WhatsApp and Facebook Messenger as "indispensable services for the world" and spoke of the possibilities for Oculus, but did not divulge any plans for monetization.

"It's really important to get this right and not rush it," Zuckerberg said."
Biz Break: Facebook growth still strong despite warning of slowdown - San Jose Mercury News
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