Wed, Apr 23, 2014, 4:40 PM EDT - U.S. Markets closed

Facebook Q1 revenue grows 72 percent on rising mobile ads

Facebook Inc's mobile advertising business continued to accelerate in the first three months of the year, helping the Internet social networking company top Wall Street's revenue target. Facebook said that mobile ads represented 59 percent of its ad revenue in the first quarter, up from 30 percent in the year-ago period.