MASHABLE -- Apr 26 -- Mobile social networks will by 2012 be raking in between $28 to $52 billion in ad revenue. The online ad revenue only broke $27 billion for the first time in 2007, and with predicted drops in ad budgets due to the economic recession, the mobile predictions seem a bit hard to swallow. Japan is well known for their tendency to do everything from their handsets but in countries such as the United States, mobile is still in a state of relative infancy.
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