Facebook mobile use surges, but stock falls
- Published: 31 Jan 2013 at 08.20
- Online news: World
Facebook is increasing its revenue from mobile with more users now accessing the social network via smartphones and tablets than from personal computers, but Wall Street remains unimpressed.
Facebook CEO Mark Zuckerberg speaks at an event at Facebook's headquarters in Menlo Park, California, on January 15, 2012. Facebook is increasing its revenue from mobile with more users now accessing the social network via smartphones and tablets than from personal computers, but Wall Street remains unimpressed.
The company on Wednesday reported a $64 million profit in the fourth quarter of last year, a steep drop compared with $302 million 12 months earlier, while revenue grew 40 percent to $1.585 billion.
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