Facebook toots its mobile horn ahead of IPO

As Facebook steams toward its planned initial public offering, the social network on Tuesday sought to put the best face on its mobile prospects even though it is not generating much revenue in the sector. The company pointed to its various aggressive moves in wireless, including the recent purchase of photo-sharing application Instagram and its influence in driving members to mobile applications at other sites. "Facebook sent more than 160 million visitors last month to mobile apps [up from 60 million in late February]," the company said in a blog post.

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Facebook Still Not Making Much Money in Mobile, but Driving Lots of Traffic to Others - All Things D

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