Terms like “couch potato” and “boob tube” are going to become obsolete someday soon, right up there with “cat’s pajamas” and “gum up the works.”
The mobile payments space is a crowded battlefield of competing companies and rivalry is slowing the sector’s growth.
Google will keep the lion’s share of mobile ad spend this year. Still, the search giant’s stranglehold on ad dollars in mobile is slowly loosening as new players like Facebook come onto the market.
Thanks to Facebook’s new mobile ads, the entire mobile ad sector saw a huge boom in 2012.
In yet another financial PR blow, Facebook’s revenue estimates from analysts at eMarketer have dropped to around $5 billion for 2012. Previously, the firm forecast revenues of $6 billion for the year.
For the first time ever, the total spent on mobile advertising in the U.S. will top $1 billion in 2011.
Twitter is on track for nearly $140 million in revenue for 2011, up from a reported $45 million just last year.