1Q EARNINGS: Questions Stonewalled On Facebook’s Entry Into Electronic Currency
Despite attempts by analysts Heather Bellini of Goldman Sachs and Ross Sandler of Deutsche Bank to find out more about Facebook’s reported impending entry into the electronic currency arena, Chief Operating Officer Sheryl Sandberg would not budge during the company’s first-quarter earnings call Wednesday.
Despite attempts by analysts Heather Bellini of Goldman Sachs and Ross Sandler of Deutsche Bank to find out more about Facebook’s reported impending entry into the electronic currency arena, Chief Operating Officer Sheryl Sandberg would not budge during the company’s first-quarter earnings call Wednesday.
Bellini asked:
I was just wondering, Mark or Sheryl, if you can share with us your vision of payments for Facebook, and how the company might be able to play a role in reducing the friction that exists today when users are trying to engage in mobile ecommerce.
Sandberg responded:
On payments, our payments business has been important in supporting some of the developer activity on Facebook, primarily games.
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