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Facebook Q3: high growth, but evolution lagging Google and Amazon

Thursday 3 November 2016 | 12:33 CET | Author: Tim Poulus | Background
Facebook reported better-than-expected results for the third quarter. In a conference call on the results, the company was more cautious about 2017, sending its share price lower after market. While the company continues to grow strongly, it's entirely due to the advertising market. Growth from hardware, such as the Oculus VR headset, or monetising its messaging apps still needs to happen. Compared to its big rivals Alphabet and Amazon, the former has already made the step to diversifying its revenues, and the latter is much more advanced.

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Categories: Internet
Companies: Amazon / Facebook / Google / Instagram / Oculus / WhatsApp
Countries: World
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