Here's Why Facebook's Spending Is Set to Boom [The Motley Fool]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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US:NASDAQ Investor Relations:
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Source: The Motley Fool
Facebook's spending money for the long term. Facebook ( NASDAQ:FB ) CFO David Wehner said on the company's third-quarter earnings call that this year it's on track to drop between $14 billion and $14.5 billion in capital expenditures , compared to our prior estimate of $15 billion. Even though the company slightly trimmed its 2018 capex guidance, the new guidance implies a substantial step up from the $6.7 billion that it spent in 2017. Image source: Facebook. At the time that Facebook announced its capex plans for 2018, Wehner said that the big step up would be driven by increased investment in data centers, servers, office facilities and network infrastructure. Considering that Facebook reported serving nearly 1.5 billion daily active users last quarter, and that figure has been on the rise, it's not surprising that the company continues to invest in the infrastructure to support them. In addition to refining the company's 2018 capex guidance, Wehner als
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