However, he said that the company isn't putting too much of an emphasis on long-form video content any time soon, and instead called short-form video "the primary focus for the foreseeable future. "Asked about virtual reality, Zuckerberg reiterated that it will take time for that market to mature, ruling out any profits in the near term. He did praise Samsung for shipping 5 million Gear VR headsets, which are powered by Facebook's Oculus software. Interestingly, investors didn't have a single question about the $500 million verdict against Oculus and some of its officers that a Texas jury handed down just minutes before the company reported its earnings on Wednesday. Oculus separately announced its intent to appeal the ruling Wednesday afternoon.

Source: The Star February 02, 2017 00:00 UTC