When Facebook filed for its IPO last week, CEO Mark Zuckerberg revealed that the company generated $3.7 billion in revenue in 2011, 85 percent of it stemming from advertising. Currently, Facebook solely hosts ads on the standard version of its social media platform. However, the company recently inked a deal with Bango that will bring ads and mobile payments to Facebook mobile versions beginning in March. Read more
Feb. 10 – Commentary: Facebook’s Bando ad deal isn’t right for its users | Washington Post
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