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Facebook Inc (FB) Stock Soars To New Highs As Analysts Prepare For Earnings

Facebook Inc (FB) Stock Soars To New Highs As Analysts Prepare For Earnings

“Nanigans, maker of advertising automation software, said in its first-quarter Global Facebook Advertising Benchmark report that e-commerce advertisers in particular were eating up ad space on Facebook. The firm found that on average, e-commerce advertisers increased their spending on Facebook Inc (FB) ads by an average of 16% year over year, based on “a same-advertiser set of large-scale ecommerce companies.” E-commerce mobile ad spend grew 58% year over year, the firm added.”

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