Facebook Admits Mobile Shift Damaging Business Faster Than Expected
Category Facebook
(Not sure what part of the forums to post this in.)
I find the huge explosion of mobile traffic amazing. The shift from desktop to mobile is even affecting a company as big as FB.
Facebook has just admitted that the weak Q1, which was initially attributed to “seasonality” (a claim repeated personally by Zuckerberg live at the New York road show) is actually caused by its rapid mobile growth and their inability to monetize mobile. This shift is now badly harming the curre ...