Advertising makes Facebook a lot of money. What is better than money? Only more money so Facebook is planning on displaying ads on their mobile applications. Check out the full story after the jump.
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Facebook, the social network giant, is set to begin showing advertisements to users on mobile devices before its $5 billion initial public offering, the Financial Times reported on Monday.
Facebook has already discussed proposals with unidentified advertising agencies for displaying what it calls “featured stories” in the news feed seen by users on the site in an effort to tap a new source of revenue, the newspaper cited several people familiar with the plans as saying.
Facebook mobile device users are likely to see advertisements in March ahead of its initial public offering, which is expected in May, according to the FT.
