Facebook, 180-degree turnaround from IPO?

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July 25 (Bloomberg) -- Bloomberg's Doug MacMillan discusses with Deirdre Bolton the possible reasons why Facebook topped its sales and profit estimates on Bloomberg Television's "Money Moves." (Source: Bloomberg)

I we see an about-face for this company.

When the company went public, this was their biggest weak point.

Increasingly, users are spending time on their mobile phones.

He called the company a mobile first company and shifted feldman resources towards mobile and prove to advertisers that users were going to mobile death -- resources towards mobile and proved to advertisers that users were going to mobile.

Some corporate clients to abandon facebook are coming back.

-- who abandoned facebook are coming back.

A year ago, where a lot of people would have said that facebook and mobile was an experiment for advertisers, it is starting to become a staple.

We heard from the ceo sheryl sandberg yesterday who listed off major advertisers.

She also made a point to list general motors, who pulled out of facebook a year ago, is now advertising religiously on instagram.

They are winning back the hearts and minds of advertisers.

Thank you, doug macmillan joining us there from san francisco.

This text has been automatically generated. It may not be 100% accurate.

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