Technology content trusted by users in North America and around the world.
5,017 Articles | 30,543 Posts
Select Your Edition:  
Giveaway time thanks to AMD! Win one of five A Series A8 6600K 3.9GHz CPU's 
Tweakipedia
A wealth of
tech information!

USA EditionYou are located: Home > All News > Social Networking News > Facebook to concentrate this year on money-making projects, expenses expected to grow by 50%

Facebook to concentrate this year on money-making projects, expenses expected to grow by 50%

By: (more) | Social Networking News | Posted: Jan 31, 2013 9:30 am

Social networking leader Facebook had their earnings call yesterday, where CEO Mark Zuckerberg talked about the company's further investment into product development. This will be a huge push in terms of creating products that make the social networking site money, and lots of it.

 

facebook_to_concentrate_this_year_on_money_making_projects_expenses_expected_to_grow_by_50

 

Zuckerberg said during the earnings call that Facebook will grow their headcount quickly this year in product development. This quick expansion will cull some of their profits, but they're really pushing their revenue earning products like graph search, Gifts and others. These products could eventually be the strongest parts of Facebook, so they're getting much needed attention.

 

Just last year alone, Facebook added 1,419 employees which pushed them to a total of 4,619 employees across the world - representing a 44% jump. Facebook will continue adding staff to their payroll, concentrating on engineering and jobs associated with product development. Facebook CFO David Ebersman revealed during the earnings call that Facebook's expenses would expand by 50% this year, which is mostly due to hiring new staff.


SOURCE #1

Related Tags



Further Reading: Read and find more Social Networking news at our Social Networking news index page.

TweakTown News RSS FeedDo you get our news RSS feed? Get It! Got a news tip? Tell Us!

Post a Comment about this news



Check out our
RSS feeds!


Social Networking News Posts

View More Social Networking News Posts


TweakTown Web Poll

Question: Now you have the facts, which is your next-gen gaming console?

Microsoft Xbox One

Sony PlayStation 4

I'm a PC gamer, or not interested, or buying something else

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Social Networking Press Releases

View More Social Networking Press Releases