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Facebook eyes revenues from mobile devices

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Facebook, the social network giant, is planning to begin showing advertisements to users on mobile devices before its $5 billion initial public offering.

According to sources, the social networking giant has already discussed proposals with unidentified advertising agencies for displaying what it calls “featured stories” in the news feed seen by users on the site in an effort to tap a new source of revenue.

If you are a Facebook user, you are likely to see advertisements in March ahead of Facebook’s initial public offering, which is expected in May.

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