Facebook and Mark Zuckerberg

virtual reality: Apart from focusing on mobile, Facebook has been ramping up spending on what it calls big bets, including virtual reality, artificial intelligence and drones to connect the remotest parts of the world to the Internet, according to Euro News. Chief Executive Mark Zuckerberg, who returned from two months of paternity leave on Monday, has said virtual reality represents the next major computing platform. Total revenue rose to $5.84 billion from $3.85 billion a year earlier, as it sold more ads targeted at mobile users, smashing investor expectations. The company has also begun realising some of its other assets , such as photo-sharing app Instagram, which surpassed 400 million users last year and began selling ads in September. More about: Economy Facebook Profits google_ad_section_end (news.financializer.com). As reported in the news.