Facebook reports it had over 1 billion monthly active users during the first quarter

Apple wasn't the only major tech company to report good earnings on Wednesday. Social networking site Facebook chewed up Wall Street's expectations and spit them out. And inside the numbers, Facebook reported that the number of its members that are using the site from a mobile device had surpassed the 1 billion mark. More precisely, Facebook had 1.01 billion mobile users on a monthly basis from January through March, which was a 34% jump over last year.



Facebook accounted for 17.5% of the $18 billion mobile ad market last year, up from 5.4% in 2012. This year, EMarketer expects the mobile ...



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