Facebook Inc is looking a lot like Google

Facebook is effectively investing in several material near, medium and long-term greenfield opportunities such as monetization of Instagram

Facebook Inc. is looking a lot like Google Inc. did in regards to a decade ago.

The social-media giant’s second-quarter results beat analysts’ expectations, and also generated 55-per-cent year-over-year advertising revenue growth along with a 55-per-cent operating margin.

RBC Capital Markets analyst Mark Mahaney noted that high and very profitable growth for example what Facebook has achieved is an extremely rare combination, and it has only happened once before to have an Internet company. That company was Google in 2007.