Facebook Phone
While Facebook’s earnings call was full of revenue generating strategies, including an increase in sponsored stories, Facebook COO Sheryl Sandberg and CEO Mark Zuckerberg stressed the company’s upcoming mobile products and integration. “We will develop new products, particularly in mobile,” Sandberg said as she was listing other product and revenue plans. Facebook’s earnings barely matched analysts’ expectations today, and its stock dropped to an all-time low of $25.50 per share in after-hours trading. Zuckerberg jumped in later to discuss mobile app products. “We want to support an ecosystem where other apps can build on top of Facebook,” he said. Read the full story at ABC News.
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