Ron Burgundy Posted April 22, 2015 Share Posted April 22, 2015 (Reuters) - Facebook Inc posted its slowest growth in quarterly revenue in two years and higher spending on research and development ate into profits. Facebook has warned of heavy investments in 2015 as it steps up efforts to expand a collection of products that include messaging service WhatsApp, photo-sharing service Instagram and virtual reality headset maker Oculus Rift. As a result, Facebook's operating expenses rose 83 percent in the first quarter as R&D costs jumped 133 percent and marketing and sales spending nearly doubled. The cost rise is one thing that can derail this story," said Macquarie Research analyst Ben Schachter. View the full article Quote Link to comment Share on other sites More sharing options...
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