Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Facebook Inc. (FB) Irked By European Companies Push For Unfair Legislations: David Marcus

Facebook Inc. (NASDAQ:FB) is not taking it kindly European Telco’s constant push to have American companies barred from operating in the European Union jurisdiction. During an interview with the Wall Street Journal, Facebook’s Vice President for messaging products, David Marcus, reiterated that European companies should focus their attention on creating an environment where startups thrive.

facebook FB logo

The vice president was reacting to recent criticism directed towards Facebook Inc. (NASDAQ:FB) for not investing a good chunk of returns made from operations in Europe on telecommunications infrastructure. Marcus was quick to defend Facebook, reiterating that the company had helped some of the companies generate billions in revenues out of the sale of mobile subscriptions and mobile data packages.

Marcus maintains that Telco’s arguments are baseless on the fact that people nowadays buy big data plans not to access Facebook Inc. (NASDAQ:FB) services only, but services also built by other companies. The scathing attack comes in the wake of Deutsche Telecom CEO, Timotheus Hottges, suggesting that Facebook should be regulated like other communications companies in Europe as it is engaged in the offering of a messaging service.

Mr. Hottges maintains that companies like Facebook Inc. (NASDAQ:FB) continue to enjoy an unfair advantage in Europe as it is never regulated by the same rules. European telecom companies have been feeling the effects of declining revenues as a result of a stiff competition in the space as well as the ongoing sluggish economic growth.

Telecom companies in Europe have also been affected by their unwillingness to implement enticing pricing schemes to the explosion of data traffic, compared to their counterparts in the United States. Delay in investing in faster network technology such as 4G has also continued to affect their ability to ramp in more revenue from data plans.

The Facebook Inc. (NASDAQ:FB) Executive believes it is the responsibility of the Telco companies in Europe to invest in Infrastructure that has the potential to offer great growth business opportunities instead of shifting blame to other companies.

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks
Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!