The Traderszone Network

Published in TZ Latest News 22 April, 2015 by The TZ Newswire Staff

Facebook revenue growth slows, costs weigh on profit

Facebook has warned of heavy investments in 2015 as it steps up efforts to expand a collection of products that include messaging service WhatsApp, photo-sharing service Instagram and virtual reality headset maker Oculus Rift. As a result, Facebook’s operating expenses rose 83 percent in the first quarter as R&D costs jumped 133 percent and marketing and sales spending nearly doubled. The cost rise is one thing that can derail this story,” said Macquarie Research analyst Ben Schachter.

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