Mobile ads help Facebook reach $100 billion in market value

08/26/2013 | Bloomberg

Tablet and smartphone promotions created 41% of Facebook's most-recent quarterly ad revenues and have helped the company reach a market valuation of more than $100 billion. The growth of mobile ads coincides with Facebook closing floundering efforts such as its intangible gift giving between users. Breaking the $100 billion-barrier puts Facebook on the same path as Amazon and Intel.

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