Develop Synonym R&D Facebook CEO Mark Zuckerberg’s Facebook ‘unlikely to be profitable’ by 2021

Facebook CEO Mark Zuckerberg’s Facebook ‘unlikely to be profitable’ by 2021

Facebook’s revenue fell 4% in the fourth quarter, with the company reporting an operating loss of $10 billion, according to its latest earnings report.

The company said its profit expectations for the year, including earnings per share, will be revised down from $15.00 per share to $9.00 to reflect the impact of the U.S. and other countries tax changes.

In the first quarter of the year Facebook posted revenue of $14.8 billion, or $1.06 per share.

That was $1,092 per share higher than the same period last year.

The company’s operating profit rose from $9 billion in the year-ago quarter to $11.6 billion in Q4 2017.

The fourth quarter also saw revenue decline by about 2% year-over-year.

Revenue was $11 billion for the quarter, down $2 billion from the same quarter last year when it was $14 billion.

The loss comes after the company announced a $1 billion buyback of stock at the beginning of the month.

Facebook is currently trading at $39.50, up $1 per share from its July 2017 closing price of $39 in an index-tracking market.

The stock is up more than 3% this year, and was up more during the 2017 holiday season.

The stock is expected to trade below $40 on Thursday.