Facebook Inc (FB)’s Q4 2014 Earnings Conference Call Transcript

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Operator
Your next question comes from the line of Carlos Gressioner with Bernstein. Your line is open.

Carlos Gressioner, Bernstein
I have 2 quick questions, first when you said that time spent decreased 10% year on year it is roughly uniform across your geographic regions, and secondly mark I think during your remarks in every you talk to investors for a considerable amount of time for Facebook first to connect the world and specifically about internet.org which suggests that it’s important to investors. Can you clarify it is modest to investors and its importance why you think Facebook can make significance difference to scale given that your inappropriate in the emerging markets is about 5 bucks to connect.

Mark
Well, it matters to kind of investors we want to have, because we’re very mission focused company and you know we wake up every day and make decisions because we want help connect the world and that’s what we are doing here so in a part of this the subject of your question is that yea if we were only focused on making money we might put all our energy on just increasing ads to people in the us and the other most evolved countries but that’s not the only thing we care about here. So you know I think over the long term that focusing on helping connect everyone will be a good business opportunity for us as well.

We may not be able to tell you how many years that’s going to happen in but as these countries get more connected the economies grows the ad market grows and Facebook and other services in our communities the number 1 and 2 3 4 5 services people are using then overtime we will be compensated for some of the value we provided. You know this is why we are here, we are here because our mission is to connect the world and I think it’s very important that investors know that.

Dave
And Carlos on all that time spent on DAU we are just giving them the 1 point, we are not breaking out any region.

Operator
Your next question comes from the line of Paul from Barkley, your line is open.

Paul, Barkley
Great thank you, I am just curious given the impact that currently had on the quarter on growth outside the u.s is there any market you can call out particularly that would either better or worst that might be mapped by current 2 things no1 and no2 I am just curious if current trends say where it is does it all impact all of your spending plans on how and where you will invest.

Dave
Hey Paul its Dave, taking your second part first we are not really making investment decisions on short term fluctuations in currencies so I would say in general no its not affecting those decisions, there are certainly big macro effects that are going on part of those are driving those currencies fluctuation as well, so you have regions that are certainly growing quickly and growing more slowly from a macro perspective that united states is doing better in terms of growth vs Europe and Latin America.

You see those compounded in currency and macro-economic conditions in those regions so I think generally we got more favorable market conditions to operate in the u.s, overall I would say the business is driven by the fundamentals of continuing the execution of our plans so whether you are in the market suffering from the macroeconomic headwind and we still had the best mobile product in the market in that market we are growing so I think at the end of the day it’s the fundamental of our business that’s driving our success and we are focused on that but one of these gives us color around how the currency might impact the 2015 results.

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