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Five-fold increase in mobile bets expected in five years

A surge in social gambling activity, coupled with the increase of legal casino and lottery services in the USA, will see a significant increase in the amount of money spent on mobile betting over the next five years. That’s the conclusion of a new report from Juniper Research.

It says last year’s total of just under $20 billion in mobile wagers is expected to reach $100 billion by 2017.

Author: The Fonecast
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Facebook starts public sale of its stock

Facebook, the world's biggest social media website, started selling stock to the public on Friday, with its initial $38 share price edging above $40 in the first hours of trading.

Facebook’s chief executive, Mark Zuckerberg, signaled the start of trading on the Nasdaq exchange in New York by remotely ringing a bell from company headquarters across the continent in California.

Author: The Fonecast
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Increased mobile use could decrease Facebook's ad revenue

With Facebook’s stock market flotation expected to go ahead next week and a company value of between $77 billion and $96 billion being anticipated, the social network is putting the finishing touches to its paperwork.

It’s just filed an amendment to its original registration statement in which it warns that the increasing use of its mobile services may cause a problem.

Author: The Fonecast
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Facebook App Center offers a new place to find 'social' applications

Facebook has announced plans to introduce an ‘App Center’ to its web pages and also to its iOS and Android applications.

It’s designed to encourage the use of mobile apps that link with Facebook.

Author: The Fonecast
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Are social media and smartphones really killing SMS and MMS?

Mark Bridge writes:

A couple of research reports this week have noted that text messaging and picture messaging growth is slowing down. Could this be the end for our trusty friend SMS and its bolder, brighter (and slightly flakier) sibling MMS?

Author: The Fonecast
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