What the hell facebook... I don't want Farmville 3D.. or do i?
Created 5 years ago2014-03-25 23:22:52 UTC by Tetsu0
Though the Rift has been pitched as a video gaming device, Facebook plans to use its technology for communications, media and other forms of entertainment
Zuckerberg said he could envision people visiting virtual worlds where they can buy goods and are served advertisementsWell, I was heavily interested in the Rift. Now, possibly not so much.
Yeah... every company keeps a few hundred millions in cash stashed in a drawer just in case they need to buy someone else.Every huge multinational company probably does.
So yeah, that's where they get all that money.Ad revenue finances basically every company that offers a service that isn't paid for by the consumer.
I'm just surprised that they've managed to actually get so much money stored up from the ad revenue. They must have huge profit margins.I read somewhere that they earned roughly 1.6 billion usd last year from ads. Together with, as Rimrook said, paying some costs with (highly valuated) stocks means they have some money to throw around.