Facebook, Inc. (NASDAQ:FB) Q3 2020 Earnings Conference Call - Final Transcript

Oct 29, 2020 • 06:00 pm ET

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Facebook, Inc. (NASDAQ:FB) Q3 2020 Earnings Conference Call - Final Transcript

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Presentation
Executive
Dave Wehner

and office facilities. Our outlook includes spend that was delayed from 2020 due to the impact of the pandemic on our construction efforts.

Turning now to tax. We expect our Q4 2020 effective tax rate to be in the mid-teens and our full-year 2021 tax rate to be in the high-teens.

In summary, we are proud of the role that our services are playing in keeping people and businesses connected through these difficult times. At the same time, we are continuing to invest aggressively in new products and experiences to better serve our global community.

With that, Mike, let's open up the call for questions.