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Facebook now counts more than 1.3 billion mobile users, putting its smartphone-based audience at a billion more people than Twitter attracts as a whole. That is one of the most revealing numbers showing why Facebook is dominating the mobile-ad market while Twitter continues to struggle.
Facebook just announced its quarterly results, which beat expectations, with $4.04 billion in revenue and $719 million in profits. Ad revenue was up 43 percent over last year to $3.83 billion.