Slightly more than half of Facebook Inc.’s monthly users, or 425 million, access the social networking site today from tablet or smartphone. That’s impressive, but then you find out later in Facebook’s IPO filing that it gets absolutely zero of its $3.7 billion revenue from mobile.
Let’s go through the filing in order of good news to bad.
Facebook said in today’s SEC filing that mobile is one of its five key, high-level strategies.
“We are....