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.
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.
- >> NEXT STORY: Half of US iPhone users spend $100 per month on wireless bills, more than any other smartphone
- << PREVIOUS STORY: Surface Pro to be launched at Best Buy in New York on February 8
PRICING: You can find products similar to this one for sale below.
United States: Find other tech and computer products like this over at Amazon.com
United Kingdom: Find other tech and computer products like this over at Amazon.co.uk
Australia: Find other tech and computer products like this over at Amazon.com.au
Canada: Find other tech and computer products like this over at Amazon.ca
Deutschland: Finde andere Technik- und Computerprodukte wie dieses auf Amazon.de