Facebook users spending less time on the site as revenue grows
Facebook’s newly released figures for Q4 2017 show that revenue came in well above analyst expectations at $12.97 billion. The consensus projection was that sales revenue would come in at $12.6 billion.
Mobile ad revenue accounted for around 89% of the social media giant’s total ad sales for the quarter.
The number of monthly active users rose 14% to 2.13 billion, which was a slightly lower rate of growth than the previous quarter. The company cemented itself as the world’s second largest ad...