Social networking giant Facebook, which announced its IPO (Initial Public Offering) plans last week, is planning to increase its revenue by focussing on subscribers logging in through their mobile devices, according to a report by FT. With the widespread adoption of smartphones, users have been increasingly using their mobile handset to stay connected on Facebook.
As per the report, the social networking site, owned by Mark Zuckerberg, is planning to introduce advertisements to mobile users in the coming weeks before its IPO. The ads will displayed in the user’s news feed and are expected to go live in March.
Facebook had claimed that is has been unable to earn revenue from over 400 million members using their mobile device to access the site, which may have a negative impact on the firm’s financial results. Further, the firm believes that putting the sponsored ads on mobiles is a potential opportunity to increase revenue.
However, industry analysts claim that Facebook will be need to be careful with its new strategy as many users may not like seeing too many commercial ads on their small screen device.
