What to Watch for in Facebook's Third-Quarter Results

The video discusses Facebook's advertising revenue growth, driven by Instagram and e-commerce, and highlights investment risks related to ambitious projects like VR and data centers. It examines the competitive landscape of mobile advertising, with Facebook and Google dominating the market. The video also analyzes Facebook's valuation, noting a compressed PE multiple despite healthy growth, and emphasizes the importance of sustaining engagement and growth expectations.

What are the three big drivers of advertising revenue mentioned in the text?

How do the investments in VR and Internet connectivity relate to Facebook's growth strategy?

How does the text describe the competition between Facebook and Google in terms of advertising revenue?

What concerns are raised about the sustainability of growth for Facebook and Google?

What is the significance of the mid 20s PE multiple mentioned in relation to Facebook's growth?