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.