Covestor’s Randall: Facebook is a mobile ad player

by Barry Randall|Published July 29, 2014

Crabtree Technology portfolio manager Barry Randall says Facebook (FB) has finally realized its ambitions to be a powerhouse in mobile ads.

Facebook recently put up some impressive numbers. Ad revenue advanced $2.68 billion in the second quarter, up 67% year over year.

The real news, though, was the social network’s continued progress in mobile ads, which accounted for about 62% of that total, or $1.66 billion. In the first quarter, Facebook exceeded the $1 billion mark for mobile ads for the first time.

Randall was quoted in a recent article for the E-Commerce Times:

“Facebook is no longer a company transitioning to mobile,” Randall, a technology portfolio manager forCovestor, told the E-Commerce Times. “It has already arrived.”

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AUTHOR

Barry Randall

Crabtree Asset Management invests in growing technology companies. Barry Randall is the firm's founder and chief investment officer. He has more than 20 years of professional investing experience. Barry spent five years as a technology stock analyst and 10 more years managing mutual funds that focused on small-cap and technology stocks. He has experience managing mutual funds and separately managed accounts as large as $650 million. Prior to earning his MBA in 1993, he spent six years as a professional computer programmer. Barry earned a Wall Street Journal 'Category King' award for his co-management of a small cap mutual fund in 2006. As of December 2022, Morningstar rated the Crabtree Multi-Cap Technology composite, of which the Crabtree Technology strategy offered at Interactive Advisors is a component, as having Five Stars for 3-Year, 5-year and Overall performance and Four Stars for 10-Year performance. Barry has been quoted regularly in Forbes, US News & World Report, TheStreet.com and E-Commerce Times. He has appeared on CNBC, Bloomberg TV and Fox Business News. Crabtree Asset Management LLC was founded in 2008 and is headquartered in Saint Paul, Minnesota.

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