Thursday, April 28, 2016

Zuckerberg has given Facebook investors all they need. He wants one thing in return: control

Company is likely to let its co-founder and CEO push that little bit further, given that it’s making more money, from more users


CEO and co-founder Mark Zuckerberg speaks during a press conference

Mark Zuckerberg has dominated the desktop internet. He’s dominated the mobile internet. Now he’s going to dominate Facebook itself, and the company is probably going to let him.

The big news that came out of Facebook’s quarterly earnings report is that the company is making more money, from more users, being shown more adverts – and more profitable adverts at that.

The numbers are, well, big. Its userbase grew from 1.44 billion to 1.65 billion. Once upon a time, the number of people on Facebook grew fivefold over the course of a single year; it can’t do that anymore, because there aren’t enough people on the Earth.

It can’t even double any more, because there aren’t enough people with internet access. Which lends some necessary context to the company’s philanthropic efforts to push low-cost connections to the developing world through its Internet.org program.

Published By - Theguardian.com - Sports New, LifeStyle News, Politics news, UK and world political comment and analysis: Thursday 28 April 2016 11.17 BST

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