Over the weekend, Facebook’s Chief Operating Officer, Sheryl Sandberg said that Facebook has “been profitable for a long time.” However, the company still has no plan for an IPO, but it is currently making enough money to end the need to raise the capital. To respond to critics claiming Facebook is not profitable, Sandberg said it’s difficult to see because Facebook is private. Facebook is an “ad-based business,” which is how the company affords to remain free. The company is talking with advertisers about how to compete with TV for the primary way to promote brands and products.
"The actions you take are shared with the people the individual has chosen to share them with - everyone, friends or friends of friends. If I watch a TV commercial and I like it I might tell my husband sitting next to me and that's it.” Sandy Sandberg
Facebook Looking to Enter China Facebook is reportedly increasing its efforts to enter China this year. If Facebook enters China, it could undergo what Google is currently facing.
"We are interested in China, just as we are many other countries, and while we are studying and learning about them all, we have no specific plans for China at this time," a Facebook spokesman said in a statement, Marketwatch reports.
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