Ever since Facebook went public on May 18, 2012, the company has scuffled to prove to investors that it is worthy of praise. With this glowing report of the second quarter of 2013, it appears that Wall Street has taken notice.
Facebook pulled in roughly $1.6 billion from advertising — and 41 percent of that is from mobile, with mobile News Feed and app install ads leading the charge. Facebook CEO and Co-Founder Mark Zuckerberg told investors Wednesday that he expected mobile revenue to soon pass desktop:
We now have more daily actives on mobile than on desktop, as nearly half a billion people use Facebook on their phones every day.