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Facebook yet to monetise on ads
Facebook, currently in the middle of its IPO roadshow ahead of a mega flotation next week, yesterday issued yet another amendment to its S1 filing. The social network warned that the growing number of Facebook users on mobile devices could harm revenues, as the website shows fewer ads in mobile format. The company reminded potential investors that it values user engagement over short-term financial results, but said the growing number of mobile users has boosted the rapid increase in daily active users. THE CAPITALIST: P17