Saturday July 4, 2020

Libra could be Facebook's path to messaging profits

Facebook has more than 1.5 billion users on both WhatsApp and Messenger yet makes almost no money from the messaging services

26th June, 2019
Libra a new profit stream? Pic: Getty

While Facebook makes most of its revenue from advertising, chief executive Mark Zuckerberg says the future is private messaging. That’s a tough venue for data-hungry digital ads, so Wall Street has been wondering how the company will make money from this new future. Libra, the crypto coin Facebook announced last week, provides a tantalising answer.

“Libra could introduce a meaningful new product and profit stream for Facebook over the coming years,” Citigroup analyst...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Sextech creates a platform for gender equality and diversity in sex education while challenging negative perceptions of how sex and sexuality are presented

Caroline West | 1 month ago

Steorn was the start-up that claimed it could create free energy using magnets, and tried to prove it for 15 years and €23 million. In his new book, The Impossible Dream, Barry J Whyte traces the company’s journey from maverick upstart to spectacular flame-out. In this excerpt, he meets co-founder Shaun McCarthy, who candidly examines his own vision, errors, and legacy

Barry J Whyte | 1 month ago

Business Post Tech Editor Emmet Ryan is joined by Michael Conway of Renaissance and Gary Robinson of Uleska for a discussion about security issues for businesses during lockdown. The lockdown security podcast is sponsored by Renaissance

Emmet Ryan | 2 months ago