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Facebook is reportedly working on a news-delivery service to add to its mobile offering. Sources familiar with the matter told the Wall Street Journal that the company has been working on the product for over a year. So it may not be a reaction to the public outrage over the news that Google would shutter its RSS Reader.
Facebook COO Sheryl Sandberg recently said that every team at the social networking giant is “mobile first.” The company is increasingly focused on mobile as a means to boost advertising. People use smartphone devices at home and at work, so Facebook can reach and serve highly-targeted ads to people at any time of day.
The strategy seems to be working. Facebook gets 1 in 7 of the minutes people spend on desktop PCs, and 1 in 5 minutes of their time on mobile devices. So mobile usage is up — and the company is making 30 percent of its revenue from mobile now — up from zero at the time of its public offering.
The release of a news reader service, internally dubbed Reader, will likely prove to be more popular with consumers than Facebook Home.
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Source: Associated Press
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