https://www.radiofreemobile.com/facebook-q3-2021-talking-cash/ To entertain as well as inform Fri, 18 Apr 2025 06:25:09 +0000 hourly 1 https://wordpress.org/?v=4.9.26 https://www.radiofreemobile.com/facebook-q3-2021-talking-cash/#comment-10854 Tue, 26 Oct 2021 17:05:48 +0000 http://www.radiofreemobile.com/?p=8634#comment-10854 […] All that is probably true, and yet it will not derail the Internet companies without regulatory intervention. Despite the negative publicity that surrounds it, Facebook has just posted a $1.2 billion year-on-year increase in net profit for the September-ending quarter, to about $9 billion. Annually, it now plans to invest $10 billion alone in the metaverse, an escape hatch into a virtual-reality world of cryptocurrency, games and social interaction. “Investments at this scale make it almost impossible for anyone outside of Google, Apple, Amazon, etc. to compete,” said Richard Windsor, an analyst with Radio Free Mobile, in a blog. […]

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