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Home»Social Media»Why one tech fund supervisor is hot on Amazon, not a lot on facebook
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Why one tech fund supervisor is hot on Amazon, not a lot on facebook

DeepBy DeepJune 6, 2016No Comments1 Min Read
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Jeff Bezos and Mark Zuckerberg

shares of Amazon are extra appealing than facebook inventory because the e-trade massive‘s long–time period course to growth is clearer than the social network‘s street to destiny revenue gains, Josh Spencer, portfolio manager of the T. Rowe fee worldwide generation Fund, said Wednesday.

Amazon has two routes to achievement with its online retail commercial enterprise and its Amazon webofferings unit, the market chief in cloud computing offerings, Spencer said. but in his view, it’s difficult to see the following leg of growth for fb.

He stated he’s now not satisfied its foray into virtual reality with the Oculus Rift headset pays off, even though he acknowledged he might be incorrect. Spencer also stated he does no longer like to beviewed as betting towards facebook CEO Mark Zuckerberg.

“it’s now not a lot taking some thing far from fb. it is just seeing opportunities somewhere else,” he toldCNBC’s “Squawk on the street.”

To make certain, facebook is still expanding its middle commercial enterprise. In its state-of-the-artquarterly report, it said advertising revenue surged 57 percentage 12 months over 12 months to $five.2 billion.

a Amazon Facebook Fund Hot is lot not on One supervisor tech why
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