Facebook shares rise about a 3rd as mobile growth revenue increases
Facebook saw advertising revenue increase 36% year-on-year to £684m
but revenue from its payments and other businesses increased just 13% to £110m
14% of ad revenues, about $150m, came from mobile, an area where the company and analysts have expressed concerns about making money.
"Gaming on Facebook isn't doing as well as I'd like," Zuckerberg said. Zynga's shares have collapsed over 76% since December 2011
Zuckerberg said the number of Instagram users had grown to 100 million from 27 million since the purchase. He said that people spend more time on Instagram than on Twitter, according to Comscore's analysis.
This shows how Facebook still has the ability to make money regardless of other losses such as FB games e.g : Zynga ,they now have more sales and growth through mobile adds etc.
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