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Facebook profits tumble due to heavy mobile spending

Facebook profits tumble due to heavy mobile spending
  • Posted January 31, 2013, 4:00 PM by Shawn Knight | Filed in Industry News
  • Facebook has released fourth quarter and full year financial results for the period ending December 31, 2012. The social network reported $1.59 billion in revenue, topping Wall Street estimates with a healthy 40 percent year over year increase. Profit, however,…

Facebook's new mobile ad network will show you ads on other sites

Facebook
  • Posted September 19, 2012, 6:30 PM by Shawn Knight | Filed in The Web
  • Facebook has launched a beta version of their new mobile ad service that will allow them to serve targeted ads to users even when they visit other websites or apps. Member information such as gender, age, location and Likes can…

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