Facebook Has No Plans for Dividend in Near Future, CFO Says
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Facebook Inc. said it has no plans to pay shareholders a dividend in the near future, signaling that the social network sees itself as a growth company that will put its cash back to work to fuel sales.
“We take very seriously the work we do to ensure we invest every dollar wisely,” Chief Financial Officer David Ebersman said at Facebook’s annual shareholder meeting today in Redwood City, California. “At this time our focus really is on using the cash we have to invest in growing the business, so we don’t pay a dividend and don’t anticipate doing so in the near future.”