The latest article on Business Insider is titled “Why Facebook’s Era Of Fast Mobile Growth Is Coming To An End”.

Jim Edwards says, “Investors drove up the price of Facebook stock by more than 30% overnight, to ~$34 on news of its huge growth in mobile ads in Q2 2013.

Those investors appear to be ignoring what CEO Mark Zuckerberg and CFO David Ebersam told investors on their earnings call yesterday: That the growth in Facebook’s mobile business is about slow down considerably.

In Q2, Facebook sold ~$656 million of mobile ads, up from $375 million in Q1. Mobile advertising revenue is now 41% of Facebook’s ad revenue. Total revenue was $1.81 billion”.

Why Facebook’s Era Of Fast Mobile Growth Is Coming To An End

Business Insider

Sharing is caring