Facebook’s mobile ad revenue doubles in fourth quarter
SAN FRANCISCO (Reuters) – Facebook Inc doubled its mobile advertising from the previous quarter as the world’s No. 1 social network expanded its business aggressively onto handheld devices. But the growth trailed some of Wall Street’s most aggressive estimates. Extending its reach on mobile devices is crucial as more and more of its 1 billion-plus users begin to access its network via smartphones and tablets. . . .
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