One topic that doesn’t come up too often during Facebook’s earnings calls is privacy, since it has little direct bearing on financial results, but Jefferies Analyst Brian Pitz brought up the topic during the company’s second-quarter earnings call Wednesday, and Co-Founder and CEO Mark Zuckerberg was only too happy to oblige.
Facebook Chief Operating Officer Sheryl Sandberg would not divulge any information on the social media industry’s worst-kept secret — Facebook’s impending launch of video ads — during the company’s second-quarter earnings call Wednesday afternoon.
When Facebook introduced Graph Search in January, it was perceived as a threat to social reviewing site Yelp. Despite that — or possibly because of it — Yelp is interested in teaming up with Facebook.
The sentiment on Wall Street following Facebook’s fourth-quarter earnings call Wednesday was more negative than positive, with many analysts pointing to the social network’s staggering spending forecast for 2013 in lowering their ratings.