Facebook’s Profit Propelled by Mobile

Once again demonstrating its mastery of the mobile computing wave, Facebook has dazzled Wall Street by posting significant growth in revenue and profits for the second quarter, driven largely by ads shown in the news feeds of a billion Facebook users checking the service on their mobile phones.

But Facebook’s chief executive, Mark Zuckerberg, wasn’t basking in what he modestly described as a “good quarter.” Instead, he was looking ahead to the next wave of innovation…  Read more.