Related article: Facebook admits young teens are losing interest in the site
Facebook beats Wall Street predictions as the sales jumped 60% over the year. Investors noted that Facebook's mobile results are very strong; the company seems to be rising due to mobile developments that are pleasing to consumers. Mobile ads now account for almost half of the total ad revenue. Now, Facebook stock is up 123%.
However, the company claims to now recognize the downfall of teen user presence. While the firm overall is continuing just fine, the younger generation is failing to maintain active users or to join the site at all. Facebook previously defended itself against these claims, but is now facing the fact that the younger teen user population is dwindling.
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