Investors are bullish on mobile media

04/16/2012 | Wall Street Journal, The

Advertising revenue is behind the curve of the rising smartphone, with companies boasting billion-dollar-plus valuations such as Instagram, Pandora and Millennial Media still not able to turn a profit via advertising on the burgeoning medium. Still, investors are bullish on the sector, as mobile shopping, spending on mobile games and mobile advertising become more commonplace.

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Wall Street Journal, The

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