By Daily Mail Reporter
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Facebook has issued what amounts to a profit warning just a week ahead of its multi-billion dollar flotation on Wall Street.
In a filing to the US regulator the Securities and Exchange Commission, the social networking giant posted additional information under the risk factors to its business that all firms must highlight in advance of a listing.
The filing pointed to the fact that the number of users accessing Facebook on smartphones and tablets is growing faster than revenues.
Warning: Users on smartphones and tablets is growing faster than revenues
This is because Facebook has made a priority of engaging users ahead of developing its mobile advertising.
Analysts interpreted this as a warning to investors that it may miss its revenue and profit targets for the second quarter of this year.
The company said its ability to make money out of users who access its network on mobile products is unproven, and that the switch from personal computers to tablets and smartphones ‘may negatively affect our revenue and financial results’.
Facebook earlier in the week launched a mobile app store promoting games that will boost revenues.
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