Facebook 3Q results show mobile ad growth

October 24, 2012 • Business

FILE-In this Monday, Oct. 1, 2012, file photo, Facebook CEO Mark Zuckerberg, smiles for photographers at the Gorki residencewhile meeting with the Russian Prime Minister Dmitry Medvedev in Moscow. Facebook’s third-quarter results released Tuesday, Oct. 23, 2012, inched past Wall Street’s expectations, offering evidence that the company is making inroads in mobile advertising, a longtime concern among investors. (AP Photo/Alexander Zemlianichenko, pool)

NEW YORK (AP) — Facebook finally has proof that it can make money from mobile advertising.

As part of Tuesday’s third-quarter results, the world’s biggest social media company disclosed for the first time that some 14 percent of Login to read more

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