Facebook Settles Sponsored Stories Suit For $10 Million

Facebook reported that about 30 percent of its total advertising revenue came from mobile devices, a significant jump from the last quarter.    

Quick Take Facebook will release its Q1 2013 earnings on May 1. We expect healthy advertising revenue growth driven by improved mobile monetization and a growing user base. Margins will shrink due to higher headcount related costs and infrastructure investments. We’ll also look for any color on the success of Graph Search, which could be one of the key features of Facebook going forward. Facebook will report its Q1 2013 earnings on May 1. We expect to see mobile advertising results improve driven by the company’s efforts to integrate ads into its mobile platform. We expect margins will be lighter as Facebook is hiring aggressively to support the development of a host of features including gifts, Graph Search, custom audience and app-install ads.

News Corp reaches a $139m (£91m) settlement with shareholders over complaints filed in relation to the UK phone hacking scandal.

Google has been fined by German data regulators after it admitted illegally recording information from unsecured wi-fi networks.