Zuckerberg Says Mobile First Priority

Posted on May 12 2012 - 5:34am by Editorial Staff

It’s a Facebook week as the social giant IPO May 18th date approaches, company’s CEO Mark Zuckerberg laid out growth strategy to investors on Friday stating that it will transform its mobile and advertising experience as top priorities in 2012, Reuters reports. Stating further, emphasising on integrating online apps more strongly into Facebook is a major goal.

The social giant had recently filed its sixth amendment to its S-1 filing to IPO showing how the shift from web to mobile of its user base will result in fewer ads per user, which probably result in lowered the company’s income source: the advertising. Facebook has also granted about $796 million in restricted stock units to employees less than a week ago. These restricted stock units, or RSUs, could be worth anywhere from $707 million to $884 million based on Facebook’s expected $28 to 35 price range per share.

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.