Facebook winging it

The article reports that Facebook, described as the world's largest social network and a publicly listed company, admitted it does not have a business model.

The comment was made by Andy McKeon, identified in the article as Facebook's global customer marketing lead and an Australian.

According to the article, that quote signals Facebook acknowledges it is still shaping its business approach; for investors this suggests the company may be experimenting or evolving rather than following a fixed business model.

No — the article specifically says Facebook admitted to not having a business model, and it does not provide further detail about any specific revenue plan.

The article highlights the admission as notable, which can be interpreted as a reason for investors to pay attention; it does not offer investment advice or quantify risk, so investors would need additional information before drawing conclusions.

No — the article contains the admission and the quoted comment but does not report any immediate effects on Facebook's share price or specific operational changes.

The quote comes from Andy McKeon, identified in the article as Facebook's global customer marketing lead, which indicates it was made by a senior company representative quoted in the story.

The article provides the admission and quote but no further details; investors wanting more context should look for company statements, official filings or follow-up reporting to better understand Facebook's plans.