Mark Zuckerberg

3Q EARNINGS: Zuckerberg Believes Oculus Will Take a ‘Bunch of Years’ to Reach 100M Units

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Facebook co-founder and CEO Mark Zuckerberg said during the company’s third-quarter earnings call Tuesday that he does not see virtual-reality offerings from recent acquisition Oculus VR reaching sales of 50 million to 100 million units and becoming a meaningful computing platform for several years, although he added that he was pleased with its progress.

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3Q EARNINGS: Facebook’s Mobile Upswing Continues

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Mobile growth was everywhere to be found among Facebook’s third-quarter-2014 financial results, as mobile advertising revenue accounted for approximately 66 percent of total ad revenue for the period, up from 49 percent in the third quarter of 2013, while growth among mobile daily active users and monthly active users far outpaced the respective figures for overall DAUs and MAUs.

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Facebook Files Suit vs. Paul Ceglia’s Lawyers

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Anyone following the ill-fated lawsuit filed against Facebook and its co-founder and CEO, Mark Zuckerberg, by Paul Ceglia, who claimed to be the co-owner of the social network until the alleged contract his case was based on was deemed a fraud, had to wonder what Ceglia’s lawyers were thinking when they agreed to represent him, especially in light of the fact that several lawyers dropped the case at one time or another. Facebook apparently wondered the same thing, as the company filed suit against several of Ceglia’s lawyers, including those from DLA Piper, claiming that those lawyers and firms knew Ceglia’s claims were bogus but pursued the case in hopes of reaching a large settlement.

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