Facebook Inc. (FB) Adds an Innovation Conference to its Annual Calendar


Facebook Inc. (NASDAQ:FB)’s plan to get as many people as possible online has seen it introduce a new conference to its calendar to be’ named @scale. Re/code reported that the forum will remain open to people across various technology fields and will try to unravel the a number of challenges that big tech companies face once they start experiencing massive user bases on their networks. @scale will take place on September 15, 2014 and will also pay a closer look at open source software.

Facebook, is FB a good stock to buy, Rob Jewell, advertising, marketing,

Facebook Inc. (NASDAQ:FB) remains confident that the conference with its main pillars of mobile, data and web will be able to attract over 700 participants. The conference is set to remain true to its agenda without any advertisements or the sale of products, which may deviate people’s attention from the order of the day. The forum remains open to all engineers regardless of company affiliation with a goal of sharing ideas, that could impact the tech industry.

Facebook Inc. (NASDAQ:FB)’s push to ensure many people have reliable wireless internet across the globe continues to receive positive reviews. The project, if successful, will be of great benefit to the company, as it will guarantee more users online, which Facebook Inc. (NASDAQ:FB) can use to further its growth metrics. Facebook has already set up the internet.org Innovation Lab, which app developers can use to test their apps under various network conditions.

Analysis of the various network conditions in the innovation lab is expected to provide answers as to how the company can offer reliable wireless internet services to remote, untapped areas of Africa and South America. Growth, according to the company, remains reliant on creating a product that works regardless of terrain or conditions across the globe in terms of reliable internet access.

Getting more people online is one of the ways that Facebook Inc. (NASDAQ:FB) plans to use to spur growth, especially in its lucrative advertisement segment in the process of getting more people to interact with each other across the globe.

Ken Griffin‘s Citadel Investment Group owns 4.58 million shares worth $307.87  million of Facebook Inc. (NASDAQ:FB). The position was raised by 14% during the second quarter of 2014.

Disclosure: none

Suggested Articles:

Largest Hedge Funds in Europe

Best Documentaries On Netflix