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.
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.