NEW YORK (AP) — Facebook says the number of people logging in is
continuing to grow more quickly than the number of ads delivered.
This is in part because more people are using Facebook on mobile
devices, where it shows a very small number of ads, Facebook said
Wednesday. The finding implies that Facebook has room to grow in the
still-nascent mobile advertising space.
Facebook says it saw that trend in the first quarter, and that has
continued in the current quarter.
Facebook Inc., which is expected to begin trading publicly next week,
added three paragraphs on mobile usage to regulatory filings. The
changes came after executives met with prospective investors in New York
and Boston ahead of its initial public offering of stock. The additions
were likely in response to questions from investors.
The Menlo Park, Calif.-based company is expected to price its IPO next
Thursday and start trading on the Nasdaq Stock Market on Friday. It said
last week that it expects its shares to price at $28 to $35 each, which
could value the company at close to $100 bilion
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