Tomahawk, WI 03/26/2014 (Basicsmedia) – Mark Zuckerberg is in a tearing hurry to spend his new found billions. Facebook Inc (NASDAQ:FB) has been listed for less than two years and it has made many multi-billion dollar acquisitions during that time including WhatsApp, Instagram and now Oculus. Facebook’s $2 billion purchase of the virtual reality headset maker  did not go well with one person in the video game industry — Markus Persson of superhit video game Minecraft.

Solid Financial Footing

Facebook Inc (NASDAQ:FB) is showing solid financial results so far: FY2013 revenues of $7.87 billion, an increase of 55% over FY2012; gross profit of $6 billion for FY2013, an increase of 61% over FY2012. Facebook has more than a billion Daily Active Users and 1.23 Monthly Active Users which make it the largest social network in the world.

Growth Opportunities

As it tries to grow its revenue to justify the sky-high stock prices, Facebook is on course to roll out its much-awaited video ads. Well, much awaited by investors at any rate. Whether users hate them or love them remains to be seen.

But with advertisers will to spend billions in video advertising, Facebook is sure to add billions to its bottom-line via video ads.

Facebook gets big money out of all those games like FarmVille and CitiVille. Zynga Inc (NASDAQ:ZNGA) was the “king” of the hill of Facebook gaming with those hit games. But now, users have moved on to Candy Crush and King Digital Entertainment (NASDAQ:KING) is the new hot IPO in town.

It does not matter to Facebook Inc (NASDAQ:FB), which game Facebook users opt for as long as they opt for a Facebook game. Facebook will be happy to earn its royalties from those game developers.

Sceptics

Markus Persson is not the only sceptic about Facebook. Privacy advocates are all up in arms about the WhatsApp acquisition and two of them — Electronic Privacy Information Center (EPIC) and the Center for Digital Democracy (CDD) — have filed a complaint with the Federal Trade Commission (FTC) to stop the WhatsApp deal or at least put the deal to stringent scrutiny. Clearly, the young Founder and CEO of Facebook is having a tough time making everyone on the planet — and not just teenagers — a Facebook Inc (NASDAQ:FB) convert and fan.

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