Facebook went from $0 to $1 billion annualized mobile revenues in two quarters

[theogt]

http://www.businessinsider.com/start...arters-2012-10

During a conference call with analysts to discuss the earnings, Facebook CFO David Ebersman said that ads in the Facebook News Feed now generate $4 million per day.

He said three-quarters of those revenues come from mobile News Feed ads. 75% of $4 million is $3 million. $3 million per day over 365 days is…$1.1 billion.

[Romo 2 Austin]

Good for the company. Nowhere near a $100b valuation however. Maybe a fifth of that...