You Wouldn't Believe the Size of Facebook, Inc.'s Data Center Spending
The scale of Facebook's (NASDAQ: FB) business ensures that many of its operating figures are stunningly large.
Here are just a few from its most recent quarterly report: Revenue jumped 45% to $9.3 billion as the social media king passed 2 billion active users. The $3.9 billion of earnings it generated in those three months produced a 42% profit margin that puts Facebook in the top 3% of the S&P 500 by that metric.
Today, I'm taking a closer look at a Facebook expense that many investors might find surprising even in the context of those large numbers. It's the company's capital spending program, and the initiative is on track to reach an annual rate of $7 billion this year -- up sharply from $1.8 billion in 2014.
Source: Fool.com
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