mobile ad sales

Update news mobile ad sales

Facebook shares hit record high as mobile ad sales soar

Facebook Inc's mobile advertising business grew by more than 50 percent in the second quarter, as the social network continued to establish itself as the venue of choice for an ever-growing array of online advertisers.

Facebook reports strong profits, adding millions of users

 Facebook reported fourth-quarter profits of $701m (£462m), a 34% increase on the same period a year ago.