Facebook reported first-quarter 2013 earnings that were close to Wall Street's expectations.
The social network came in with earnings per share of 12 cents, excluding one-time items, and revenue that grew 38 percent to $1.46 billion compared to the same quarter one year ago. The company said mobile advertising accounted for around 30 percent -- which amounts to about $375 million -- of its advertising revenue for the quarter. Revenue from advertising in the quarter totaled $1.25 billion, or 85 percent of total revenue.
Facebook had 1.11 billion monthly active users as of March 31. The … Read more