Facebook rises profits from mobile advertising

Facebook has reported a jump in mobile advertising revenue, easing investor concerns over its future growth.

There have been doubts over Facebook's ability to sell adverts on mobile devices, not least due to their small screen size. Investors had feared that its growth may be hurt as a result.

However, Facebook said 30% of its $1.25bn advertising revenue in the first quarter came from mobile.
Posted by Unknown 5/02/2013