A year ago, people were busy criticizing the social networking giant for its inability to generate mobile revenues. Now they know how Facebook is doing in mobile advertising.
Facebook Inc ( FB) shares have more than doubled this year so far, thanks to better than expected mobile monetization. Over the past year, the social networking giant has come up with a number of ways to monetize its more than 1.1 billion user base, including the latest video ads. The company is expected to boost its revenue by 60% to $7.5 billion. The real question facing a Facebook Inc ( FB) investor is whether the company has the opportunity to grow rapidly in coming years.