Facebook Stocks Latest News: Stocks Drop as Mark Zuckerberg Talks About Spending Billions for Next 10 Years

Facebook founder and CEO Mark Zuckerberg plans to spend billions for the next 10 years for ventures that do not guarantee profit, prompting shareholders to express their concern as the trailblazing company's stocks saw a drop of 8.3 percent.

In a news conference, Zuckerberg discussed with investors his vision for the company over the next 10 years, which raised eyebrows for some. He discussed about the $21.8 billion WhatsApp acquisition, which he plans to grow from 600 million users to one billion users. "For us, products really don't get that interesting to turn into businesses until they have about one billion people using them," he said.

He also talked about his acquisition of the Oculus VR, which was worth $2 billion. Although the "virtual reality" company is amusing, it does not guarantee profits and may actually take a while before it does.

With his dream of "changing the world," Zuckerberg is making stockholders feel uneasy. They worry that the company is unnecessarily losing big money with its excessive acquisition of new businesses.

Zuckerberg has a 55 percent control of Facebook, so he obviously has control over the company more than anyone else. Even if the investors do not agree with his plans, they do not have much choice but to "go with the flow."

Concerns have been aired despite the fact that Facebook's profits and revenue for the third quarter of this year continued to soar high, buoyed by the company's impressive performances and increasing number of users.

According to Facebook, however, their revenue grew 59 percent, or 3.2 billion for the third quarter. Their revenue comes mostly from advertising, including ads on mobile devices.

Sheryl Sanberg, Facebook's chief operating officer, said the strong results show how much their decision to shift to mobile is already working. "Our performance is very broad-based. Our growth is across all of our regions," she added.