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Facebook is betting big on the future and plans to lose money in the process

Caitlin McGarry | Oct. 30, 2014
CEO Mark Zuckerberg is focused on Internet.org, WhatsApp, and Oculus as long-term opportunities for Facebook.

"The strategy for Oculus is to help accelerate their growth," Zuckerberg said. "They have two products, Rift on PC and Gear VR, and I'm really excited about both of them. It needs to reach a very large scale before it'll be a meaningful thing as a computing platform. It's hard to predict exactly, but I don't think it'll reach 50 to 100 million units in the next few years. When you get to that scale, that's when it starts to become interesting as a business."

Zuckerberg had a list of Facebook's top priorities, and it's...extensive. Everything from new ad technology and auto-playing videos to Instagram's commercial opportunities and e-commerce partnerships are on the table, which is why Facebook Chief Financial David Wehner said 2015 will be a "significant investment year" for the social network. He cautioned that next year could see an increase in expenses up to 75 percent. Wall Street cringed at that number, but Zuckerberg could care less. He controls the company. Facebook is public, but the future belongs to Zuck--and it sure sounds interesting.

 

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