Today's Hard|Forum Post
Today's Hard|Forum Post

Thursday May 02, 2013

Facebook Is Growing Through Risky Business

Wait, isn't the business model of all social media sites risky? Seriously, just ask MySpace how they are doing today. stick out tongue

In first-quarter financials released yesterday, Facebook said revenue rose 38 percent to $1.46 billion and that mobile advertising climbed to 30 percent of ad revenue from 25 percent of ad revenue in the prior quarter; analysts had expected revenue growth of just 36 percent. Adjusted earnings, meanwhile, were 12 cents per share, flat compared to last year and below analysts’ estimates of 13 cents per share.