Facebook Expands Leadership Position On Smartphones

By | May 14, 2015

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Facebook (FB) is by far the dominant platform on smartphones in terms of time spent, causing a JPMorgan analyst to reiterate his outperform rating and price target of 100. In terms of minutes spent on smartphones, excluding Facebook-owned Instagram and WhatsApp, Facebook’s core services accounted for 24% of smartphone user activity, excluding tablets, wrote JPMorgan analyst Doug Anmuth, who cited comScore (SCOR) data. That’s up from 22% in March Scalper1 News

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