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Facebook Is Officially A Mobile Company

It wasn't long ago that Facebook was widely seen as having a "mobile problem." Those days are gone. Facebook reported Wednesday that mobile ads accounted for about 62% of its ad revenue in the second quarter, up a from just 41% a year prior. The social network's shares are up more than 30% this year, buoyed by the company's newfound success in mobile advertising. The stock is currently poised to open at an all-time high Thursday morning. Facebook's success in mobile is timely, with Web users flocking to mobile devices and leaving their desktops behind.

Source: Inform

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