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- - - - For example, in March 2016, we shipped our first virtual reality hardware product, the Oculus Rift. We do not have prior experience with consumer hardware products or virtual reality technology, which may adversely affect our ability to successfully develop and market the Oculus Rift and related products or technology, and we will incur increased costs in connection with the development and marketing of such products and technology.例如，在2016年3月，我们出货了我们的第一个虚拟现实硬件产品，Oculus Rift。我们之前没有消费类硬件产品或虚拟现实技术方面的经验，这可能会对我们成功开发和营销Oculus Rift及相关产品或技术的能力产生不利影响，而且我们在开发和营销此类产品和技术方面的成本会增加。
      - 2019 Facebook Reality Labs. Facebook Reality Labs' augmented and virtual reality products help people feel connected, anytime, anywhere. Oculus Quest lets people defy distance with cutting-edge virtual reality (VR) hardware, software, and content, while Portal helps friends and families stay connected and share the moments that matter in meaningful ways. 脸书现实实验室。Facebook现实实验室的增强和虚拟现实产品帮助人们随时随地感受到联系。Oculus Quest让人们通过尖端的虚拟现实（VR）硬件、软件和内容来挑战距离，而Portal则帮助朋友和家人保持联系，以有意义的方式分享重要的时刻。
    - - 2016 Our ability to retain, increase, and engage our user base and to increase our revenue depends heavily on our ability to continue to evolve our existing products and to create successful new products, both independently and in conjunction with developers or other third parties. We may introduce significant changes to our existing products or acquire or introduce new and unproven products, including using technologies with which we have little or no prior development or operating experience. 我们保留、增加和吸引我们的用户群以及增加我们的收入的能力在很大程度上取决于我们是否有能力继续继续发展我们的现有产品和创造成功的新产品的能力，无论是独立的还是与开发商或其他第三方合作的第三方。我们可能会对我们的现有产品进行重大改变，或收购或引进新的和未经验证的产品。包括使用我们以前很少或没有开发或操作经验的技术。
      - 2017 We face a number of risks related to design, manufacturing, and supply chain management with respect to our Oculus products. For example, the Oculus products we sell may have quality issues resulting from the design or manufacture of the products, or from the software used in the products. Sometimes, these issues may be caused by components we purchase from other manufacturers or suppliers. If the quality of our Oculus products does not meet our customers' expectations or such products are found to be defective, then our financial results could be adversely affected.我们在Oculus产品方面面临着一些与设计、制造和供应链管理有关的风险。例如，我们销售的Oculus产品可能会因为产品的设计或制造，或产品中使用的软件而产生质量问题。有时，这些问题可能是由我们从其他制造商或供应商处购买的部件造成的。如果我们的Oculus产品的质量不符合我们客户的期望，或者此类产品被发现有缺陷，那么我们的财务业绩可能会受到不利影响。
      - 2017 We rely on third parties to manufacture our Oculus products. We may experience supply shortages or other supply chain disruptions in the future that could result in shipping delays and negatively impact our operations. We could be negatively affected if we are not able to engage third parties with the necessary capabilities or capacity on reasonable terms, or if those we engage with fail to meet their obligations (whether due to financial difficulties or other reasons), or make adverse changes in the pricing or other material terms of such arrangements with them.我们依靠第三方来制造我们的Oculus产品。我们在未来可能会遇到供应短缺或其他供应链中断的情况，这可能会导致运输延误并对我们的运营产生负面影响。如果我们不能以合理的条款聘用具有必要能力或产能的第三方，或者如果我们聘用的第三方不能履行其义务（无论是由于财务困难还是其他原因），或者对与他们的这种安排的定价或其他重大条款进行不利的改变，我们可能会受到负面影响。
    - - We may be exposed to inventory risks with respect to our Oculus products as a result of rapid changes in product cycles and pricing, unsafe or defective merchandise, changes in consumer demand and consumer spending patterns, changes in consumer tastes with respect to Oculus products, and other factors. We endeavor to accurately predict these trends and avoid overstocking or understocking products Oculus may sell. Demand for products, however, can change significantly between the time inventory or components are ordered and the date of sale. In addition, when we begin selling or manufacturing a new Oculus product, it may be difficult to establish vendor relationships, determine appropriate product or component selection, and accurately forecast demand. The acquisition of certain types of inventory or components may require significant lead-time and prepayment and they may not be returnable. Any one of these factors may adversely affect our operating results. 由于产品周期和定价的快速变化、不安全或有缺陷的商品、消费者需求和消费者消费模式的变化、消费者对Oculus产品品味的变化以及其他因素，我们可能面临Oculus产品的库存风险。我们努力准确地预测这些趋势，并避免Oculus可能销售的产品存货过多或不足。然而，产品的需求在订购库存或部件和销售日期之间可能会发生重大变化。此外，当我们开始销售或制造一个新的Oculus产品时，可能很难建立供应商关系，确定适当的产品或组件选择，并准确预测需求。购置某些类型的库存或部件可能需要大量的交货时间和预付款，而且它们可能无法退回。这些因素中的任何一个都可能对我们的经营业绩产生不利影响。
- - - - It is possible that governments of one or more countries may seek to censor content available on Facebook or our other products in their country, restrict access to our products from their country entirely, or impose other restrictions that may affect the accessibility of our products in their country for an extended period of time or indefinitely. For example, access to Facebook has been or is currently restricted in whole or in part in China, Iran, and North Korea. 一个或多个国家的政府有可能寻求审查Facebook或我们其他产品在其国家的可用内容，完全限制从其国家访问我们的产品，或施加其他限制，从而可能在很长一段时间或无限期地影响我们产品在其国家的可访问性。例如，在中国、伊朗和朝鲜，对Facebook的访问已经或正在受到全部或部分限制。
    - - We are also subject to laws and regulations that dictate whether, how, and under what circumstances we can transfer, process and/or receive transnational data that is critical to our operations, including data relating to users, customers, or partners outside the United States, and those laws and regulations are uncertain and subject to change.我们还受到法律和法规的约束，这些法律和法规规定了我们是否、如何以及在何种情况下可以转移、处理和/或接收对我们的运营至关重要的跨国数据，包括与美国以外的用户、客户或合作伙伴有关的数据，而这些法律和法规是不确定的，而且会发生变化。
        
        For example, in October 2015, the European Court of Justice invalidated the European Commission's 2000 Safe Harbour Decision as a legitimate basis on which Facebook could rely for the transfer of data from the European Union to the United States. The European Union and United States recently agreed to an alternative transfer framework for data transferred from the European Union to the United States, called the Privacy Shield, but this new framework is subject to an annual review that could result in changes to our obligations and also may be challenged by national regulators or private parties. 例如，2015年10月，欧洲法院宣布欧盟委员会2000年的 "安全港决定 "无效，该决定是Facebook将数据从欧盟转移到美国所依赖的合法依据。欧盟和美国最近就从欧盟转移到美国的数据达成了一个替代的转移框架，称为 "隐私盾"，但这个新框架要接受年度审查，可能会导致我们的义务发生变化，也可能受到国家监管机构或私人当事方的质疑。
    - - In addition to intellectual property claims, we are also involved in numerous other lawsuits, including putative class action lawsuits, many of which claim statutory damages and/or seek significant changes to our business operations, and we anticipate that we will continue to be a target for numerous lawsuits in the future. 除了知识产权索赔外，我们还卷入了许多其他诉讼，包括推定的集体诉讼，其中许多诉讼要求法定赔偿和/或要求对我们的业务运营进行重大改变，而且我们预计，我们今后将继续成为众多诉讼的目标。
    - - Our income tax obligations are based in part on our corporate operating structure and intercompany arrangements, including the manner in which we operate our business, develop, value, manage, protect, and use our intellectual property and the valuations of our intercompany transactions. The tax laws applicable to our business, including the laws of the United States and other jurisdictions, are subject to interpretation and certain jurisdictions are aggressively interpreting their laws in new ways in an effort to raise additional tax revenue from companies such as Facebook. 我们的所得税义务部分基于我们的公司运营结构和公司间安排，包括我们经营业务、开发、评估、管理、保护和使用我们的知识产权的方式以及我们公司间交易的估值。适用于我们业务的税法，包括美国和其他司法管辖区的法律，是可以解释的，某些司法管辖区正在积极地以新的方式解释他们的法律，以努力从Facebook等公司提高额外的税收收入。
    - - Our users can purchase virtual and digital goods from developers that offer applications using our Payments infrastructure on the Facebook website. In addition, certain of our users can use our Payments infrastructure, including on Messenger, for other activities, such as sending money to other users and making donations to certain charitable organizations. We are subject to a variety of laws and regulations in the United States, Europe, and elsewhere, including those governing anti-money laundering and counter-terrorist financing, money transmission, gift cards and other prepaid access instruments, electronic funds transfer, charitable fundraising, and import and export restrictions. Depending on how our Payments product evolves, we may also be subject to other laws and regulations including those governing gambling, banking, and lending. In some jurisdictions, the application or interpretation of these laws and regulations is not clear. To increase flexibility in how our use of Payments may evolve and to mitigate regulatory uncertainty, we have received certain money transmitter licenses in the United States and an Electronic Money (E-Money) license that allows us to conduct certain regulated payment activities in the participating member countries of the European Economic Area, which will generally require us to demonstrate compliance with many domestic and foreign laws in these areas. Our efforts to comply with these laws and regulations could be costly and result in diversion of management time and effort and may still not guarantee compliance. In the event that we are found to be in violation of any such legal or regulatory requirements, we may be subject to monetary fines or other penalties such as a cease and desist order, or we may be required to make product changes, any of which could have an adverse effect on our business and financial results. 我们的用户可以使用我们在Facebook网站上的支付基础设施，从提供应用程序的开发商那里购买虚拟和数字商品。此外，我们的某些用户可以使用我们的支付基础设施，包括在Messenger上，进行其他活动，如向其他用户汇款和向某些慈善组织捐款。我们要遵守美国、欧洲和其他地方的各种法律和法规，包括那些关于反洗钱和反恐融资、货币传输、礼品卡和其他预付接入工具、电子资金转移、慈善募捐以及进出口限制的法律和法规。根据我们支付产品的发展情况，我们也可能受到其他法律和法规的约束，包括那些关于赌博、银行和贷款的法律和法规。在一些司法管辖区，这些法律和法规的应用或解释并不明确。为了增加我们使用支付的灵活性，并减少监管的不确定性，我们已经获得了美国的某些货币传输器许可证和电子货币（E-Money）许可证，允许我们在欧洲经济区的参与成员国进行某些受监管的支付活动，这通常需要我们证明符合这些领域的许多国内和国外法律。我们遵守这些法律和法规的努力可能是昂贵的，并导致管理时间和精力的转移，而且可能仍然不能保证遵守。如果我们被发现违反了任何此类法律或监管要求，我们可能会受到金钱上的罚款或其他惩罚，如停止令，或者我们可能被要求进行产品改变，任何这些都可能对我们的业务和财务成果产生不利影响。