Wednesday, January 30, 2013

Facebook earnings: Spotlight on mobile

Investors are watching Facebook for further signs of mobile sales growth.

NEW YORK (CNNMoney)

Facebook’s mobile problem became a focus in the days before its May IPO. The company acknowledged that a growing number of users were accessing the site on mobile devices, where it didn’t “generate any meaningful revenue.”

That meant Facebook (FB) was completely missing out on making money from a large chunk of its audience. Wall Street doesn’t like that.

Keep reading…

Read also:

Facebook expected to show mobile growth (MarketWatch)

Facebook Seen Reporting Faster Sales Growth on Mobile-Ad Demand (Bloomberg)

Facebook expected to issue strong earnings report (San Jose Mercury News)

Explore: 41 additional articles.

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