HomeLatest NewsTop NewsFacebook Revenue Gathers Momentum with Mobile Users

Facebook Revenue Gathers Momentum with Mobile Users

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facebook mobile revenueIn a first, Facebook doubled its revenue from mobile devices in the fourth quarter. However, the company estimated unreasonably high revenues from its mobile users, which resulted in the stock of the social networking giant taking a 3% dip in Wednesday after trading hours.

Revenues for the company grow the fastest in this quarter since the IPO of the company was launched. The company’s revenue rose 40%. While the company with a 1 billion user base is still struggling to improve stock performance, mobile ad revenues could well be their way out of the lurch.

 

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Nishtha Shukla Anandhttps://www.techthirsty.com/
The founder and CEO, Nishtha Shukla Anand has extensive experience of more than 15 years of media experience. She worked with leading media houses such as India Today, Pioneer and Reuters before setting out to do something on her own in 2006 with Pen Pundit Media Services.
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