Mobile ads help grow Facebook's 1Q revenue 38%
World BusinessMay 2, 2013
A year ago, Facebook was just testing the waters of mobile advertising, causing plenty of headaches for investors ahead of its massive initial public offering.It has since eased those worries.On Wednesday the world's biggest social networking company said nearly a third of its advertising revenue came from mobile in the first three months of the year, helping to push total revenue up 38 percent to surpass Wall Street's expectations.“They are making the transition to mobile faster than anyone ant