Andrew Orlowski, Executive Editor of The Register, appeared on BBC World News Business earlier today to share his thoughts on Facebook’s record $3.81bn quarterly profits and its new plans for video. He agreed with the sentiment that Facebook has become a veritable ‘printing press for cash’, and cautioned against underestimating Facebook’s potential to become the new Netflix. Andrew referenced prior opinion Facebook would have difficulty in transitioning its advertising model to mobile, yet mobile now accounts for 89% of the tech giant’s revenue.
Read Andrew’s full analysis on The Register here: https://www.theregister.co.uk/2017/07/27/facebook_video_innovation/
Read Andrew’s previous interview on BBC Newsnight in March about the Snap IPO here https://situationpublishing.com/registers-andrew-orlowski-interviewed-bbc-newsnight-snap-ipo/