Facebook said profit soared in the fourth quarter on the wings of mobile ad revenue but stressed it is more concerned with investing in the future than making quick cash. While earnings figures surpassed market forecasts, Facebook executives strived to temper expectations, while stressing they plan to continue aggressively investing to achieve long-range goals. Facebook co-founder Mark Zuckerberg described 2014 as a year of heavy investments, with "big bets" placed on mobile communication and next-generation computing with multibillion-dollar buys of WhatsApp and the Oculus virtual reality startup. A strong showing in ads served up on smartphones or tablet computers helped Facebook earnings beat analyst forecasts: profit in the final three months of last year jumped to $696 million as revenue surged to $3.85 billion.
via Tech News Headlines - Yahoo News http://ift.tt/18vHyYD
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