Oct 31 - Jeffrey Goldfarb talks to Rob Cyran about Facebook’s latest results and how a rising tide of mobile ad revenue may lift Twitter and other rivals as well as Mark Zuckerberg’s firm.
FaceBook got some sparkling results last night that actually ought to be good news for Twitter oddly enough. -- tell us what happened exactly and there was a little bit of shares were thought they were down but ultimately it's a pretty good numbers. Yet what happened was the sales -- 60% and that was mainly -- mobile because but Beijing is the they put more ads on mobile phones people clicked on the more avatars I just eighteen months ago as -- republic this what I had a real -- they had to put out something of a warning before they went all the -- at 00. Revenue from mobile and the problem is that can force going to expect more and more on the found they were going and that's popped the question is you know it. He can't fill out these people. They aren't then is that huge risk and turns out no it's not actually huge opportunity FaceBook was an -- have a -- begins -- -- and Villanova not not yet with efforts as people going to -- -- -- The the ancient thing with those after the stock like what about like 70% of initial reaction is great -- -- being hailed mobile. Excellent then it's called stars of the call starts and then -- -- he -- You know there is there is the problem first off the companies that well we've got enough -- we don't put anymore because otherwise -- -- our site at every thirds post match. If that was the real that they really care what really altered people left for college in that fact that teenagers are going to the -- much young teens -- Between market mean they just be protect people apparently are going to face -- -- as much as they did is they are. And the problem is of course is that you know. And that's what -- -- have apparently. Hit exactly -- they they are there settled in what -- light at fault listen to this Twitter this Twitter hazard is normally you think Facebook's doing really well on mobile. Maybe that's a bad thing that people around them but I -- right now there's two things first off its mobile and growing so quickly there's a lot for every one. All the companies. You know -- Google are all doing really well mobile Twitter it's the the majority of the revenue from mobile that's good news for them. The second thing is that if if the that young teens are using faced -- quite as much that may be actually good for Twitter because. -- become actually doing much better among teens and is among adults at least it in terms of growth now. So the question is you know in five years -- market be a lot bigger. And Twitter me captured a -- when he gets better -- -- -- pretty competitive that they zealously ballot Florida every experience so fast there's plain for everyone in eventually ever grow fast and then you'd be -- -- -- All right we will leave it there. FaceBook there and I sales pitch for twitters IPO which is coming up soon and we'll be back with more breaking news.