Facebook’s profitable Long read

Mark Zuckerberg has told investors over and over: Don’t expect Facebook to focus abundant on quarterly earnings. the corporate is taking the long read.

That long read is certain wanting spectacular in quarterly earnings.

The numbers Facebook discharged on Wed were virtually fully positive. Revenue: far. Profit: far. Users: far.

How did investors treat the stock? You guessed it — far.

Somehow, though, Mr. Zuckerberg and Facebook still appear to own their eye on the long game. As microphone patriarch explains, the corporate is gushing cash and energy into comes that appear so much off from Facebook.com. the corporate is functioning on video game and even on building drones capable of delivering net service to far-flung places round the world.

Mr. Zuckerberg says that nobody ought to expect those comes to create cash anytime shortly. At now, that doesn’t appear to matter in the least. One large money-spinner is enough.