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Facebook revenue, profit grow in first quarter

Original post made on May 1, 2013

Facebook's profit and revenue grew in the first quarter of 2013, boosted by an increase in mobile advertising.

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Comments (2)

Like this comment
Posted by Josh
a resident of Another Palo Alto neighborhood
on May 1, 2013 at 8:59 pm

I know they make most of their money from advertising, but I have never bought anything from any of the FB advertisers. Also, it seems that I'm looking at my FB less these days.


Like this comment
Posted by w
a resident of Charleston Meadows
on May 3, 2013 at 10:50 am

Wont last.
People are trying out the ads to see if they work and many are saying that they dont.
They do make money from new apps posting their download buttons. But this is a tiny market next to paid referrals etc on Google.

The company is fine, but just way overvalued. This level of revenue will not last. The market is wary. They will be even more wary when other companies do it better and the facebook fad passes, people may not erase their pages but dont update them so often which means that their data is obsolete.


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