Facebook Opens Brand New Revenue Stream

Facebook Opens Brand New Revenue Stream

Facebook’s (FB) Portal device went on sale earlier this month, opening a new revenue stream for the company. The Portal expands Facebook’s non-advertising business, which already consists of the sale of virtual reality headsets and the Workplace corporate networking service. Facebook’s non-advertising revenue increased only 1.0% year-over-year to $188 million in the third quarter, suggesting the business needs a boost.