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Pedro Gonçalves

Greek pro-bailout conservatives regain lead - polls | Reuters - 0 views

  • New Democracy would get between 25.6 percent and 27.7 percent of the vote if the election was held today, according to the polls by Eleftheros Typos/Pulse, Proto Thema/Alco, Real News/MRB, To Vima/Kapa and Ethnos/MARC. SYRIZA's support was between 20.1 and 26 percent.According to the Pulse and MARC polls, New Democracy and the next-biggest pro-bailout party, the socialist PASOK, would together win a parliamentary majority of between 11 and 16 seats in the country's 300-seat parliament.
  • Sixty-five percent of respondents in the Ethnos/MARC survey said that the country should "negotiate hard" to revise the bailout's terms, while 54 percent believed that there was no way Athens could leave the euro. A total of 82 percent said the country should keep the single currency.
  • "We're not willing to pour money into a bottomless pit," German Interior Minister Hans-Peter Friedrich told newspaper Leipziger Volkszeitung.IMF chief Christine Lagarde said Greeks had to take responsibility for their fate, adding that deprived children in Africa needed more help than people in Greece."I think they (the Greeks) should help themselves collectively ... by all paying their tax," she was quoted as saying in an interview with Britain's Guardian newspaper.
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  • Analysts said New Democracy's lead was precarious. "These polls show that people got scared from SYRIZA's lead in previous surveys," said political analyst John Loulis."This is still a very tight race. New Democracy has a small advantage but whoever called them favourites would be dead wrong," he added.
  • SYRIZA, led by its charismatic 37-year old leader Alexis Tsipras, is doing particularly well among the young who are particularly hit by unemployment, pollster Pulse said.New Democracy, by contrast, had a big lead among the over-60s, Pulse said.
  • In a bid to woo anti-bailout voters, conservative leader Samaras said on Saturday Greece should be given more time to comply with a bailout term to generate about 11.5 billion euros in savings over the next two years."All new spending cuts ... should take place over four years, not two," he was quoted as saying by Real News.
  • Without new bailout funds, Athens may run out of cash by end of June, newspaper To Vima reported, citing a memo compiled by former Prime Minister Lucas Papademos on May 11."From June 20, the government's available cash will cross negative territory to the tune of 1 billion euros," the document said, confirming earlier reports by finance ministry officials that Greece might run out cash by the end of June.
Pedro Gonçalves

UPDATE 4-Powerful 'Flame' cyber weapon found in Iran | Reuters - 0 views

  • a highly sophisticated computer virus is infecting computers in Iran and other Middle East countries and may have been deployed at least five years ago to engage in state-sponsored cyber espionage. Evidence suggest that the virus, dubbed Flame, may have been built on behalf of the same nation or nations that commissioned the Stuxnet worm that attacked Iran's nuclear program in 2010, according to Kaspersky Lab
  • Iran has accused the United States and Israel of deploying Stuxnet.
  • Kaspersky's research shows the largest number of infected machines are in Iran, followed by Israel and the Palestinian territories, then Sudan and Syria.
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  • Flame can gather data files, remotely change settings on computers, turn on PC microphones to record conversations, take screen shots and log instant messaging chats.
  • There is some controversy over who was behind Stuxnet and Duqu. Some experts suspect the United States and Israel, a view that was laid out in a January 2011 New York Times report that said it came from a joint program begun around 2004 to undermine what they say are Iran's efforts to build a bomb.
  • Hungarian researcher Boldizsar Bencsath, whose Laboratory of Cryptography and Systems Security first discovered Duqu, said his analysis shows that Flame may have been active for at least five years and perhaps eight years or more. That implies it was active long before Stuxnet.
  • "The scary thing for me is: if this is what they were capable of five years ago, I can only think what they are developing now," Mohan Koo, managing director of British-based Dtex Systems cyber security company.
Pedro Gonçalves

BBC News - Is Obama's drone doctrine counter-productive? - 0 views

  • some say they simply do not have the desired result. Gregory Johnsen of Princeton University is an expert on Yemen and he told me that the rain of drone attacks has strengthened the hand of terrorists there. "Look at Yemen on Christmas Day 2009, the day the so-called underwear bomber attempted to bring down a flight over Detroit. "On that day al-Qaeda numbered about 200 to 300 individuals and they controlled no territory. Now today, two-and-a-half years later, despite all the drone strikes al-Qaeda in the Arabian Peninsula has tripled in size, it's now around 1,000 members and it controls significant territory. "The more the US bombs, the more they grow."
  • The president may think very carefully before he approves individual killings, but in the end, as a strategy, drone attacks have too many attractions compared to doing nothing or sending in the troops.
Pedro Gonçalves

Germany Should Leave the Euro but Probably Can't - David Champion - Our Editors - Harva... - 0 views

  • a break-up of the euro may not in Germany's short-term interests.
  • Being in the euro helped Germany become more productive relative to its southern neighbors. If Germany still had a deutschmark, the discipline of its businesses would have been rewarded by a relative increase in its value, thereby limiting the disparity between Germany and other countries. Germany would not, therefore, have experienced to such a degree the low unemployment and healthy growth that its voters have gotten used to. In turn, this would have tempered the flow of German funds recycled southwards as investments in Greek, Spanish, and other assets, reducing the bubble pressure on Club Med asset prices.
  • Breaking up the euro, whether by Greece and Spain or by Germany, could at a stroke eliminate those productivity advantages and possibly stall the German economy. It could also instantly crystallize losses on assets held by German savers in Club Med bonds and loans, probably necessitating an immediate capitalization of the German banking system. In other words, the problems currently being experienced in the South would get transferred to the North.
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  • it's easy to see why German politicians might be hesitant to actually take the initiative on breaking up the euro. Reviving the deutschmark will involve certain and immediate pain for German voters. Muddling through might cushion that pain by leaving more of it with other electorates and enable German voters to blame the policies and work-cultures of Southern Europe.
Pedro Gonçalves

BBC News - Brussels plans European banking union from 2013 - 0 views

  • A single regulator to oversee banks across all 27 European Union states could be in place as early as 2013 according to the European Commission. A controversial new bank bailout fund financed by a tax on financial institutions is also planned. The proposal includes an EU-wide deposit guarantee scheme to protect savers in the event of a bank collapse.
  • European banks are the biggest lenders to EU governments. The guarantee scheme would reduce banks' risk from lending to indebted governments such as Portugal. So indebted governments could benefit from artificially low borrowing costs by piggy-backing loan guarantees from Germany without addressing their underlying economic problems. For that reason, Sabine Lautenschlaeger insists that banking union should go hand-in-hand with fiscal union to ensure all EU governments adhere to strict budget policies. And that insistence could stall the whole banking union process.
  • Mr Barroso's plan would create a bank rescue fund from levies on financial institutions across the EU, effectively reducing company profits and shareholder dividends. This could also remove the possibility of one set of taxpayers, for example, in Germany, having to bail out savers in another country such as Spain.
Pedro Gonçalves

Egypt gives army power to arrest civilians | Reuters - 0 views

  • Human rights groups said the justice ministry decree amounted to a reintroduction of emergency law through the back door.
  • "Whenever the military is involved in arresting people, it then refers them to military tribunals, so this is basically a way of confirming the military's right to arrest and bring people before military tribunals," she said.
  • Amr Hamzawy, a liberal member of parliament, tweeted that the decision "reproduces the state of emergency law in a different form and threatens the rule of law."
Pedro Gonçalves

Ukraine leader stirs Tymoshenko row with murder charge | Reuters - 0 views

  • Shcherban died in a hail of bullets as he stepped from a plane in the eastern city of Donetsk. The attackers, disguised as airport mechanics, also killed his wife and several bystanders.His killing followed several other murders in Donetsk, including a football stadium bombing that killed the owner of Shakhtar Donetsk club, and led to a realignment of political and business alliances in the key steel- and coal-producing region.Back then, both Tymoshenko and Yanukovich were big players in a turbulent region which seethed with intrigue and where fortunes were made and lost in murky dealings ranging from sales of state assets to protection rackets, extortion and theft.
  • Backing his president, Prime Minister Mykola Azarov said that after Shcherban had been removed, the company Tymoshenko headed, Unified Energy Systems of Ukraine, moved onto the scene and made big profits by selling Russian gas at a mark-up price to local companies.
  • Last month, general prosecutor Viktor Pshonka said Tymoshenko, 51, was being treated as a material witness in the Shcherban case and investigators were trawling through evidence in the case, including new testimony from the dead man's son.Ruslan Shcherban was 19 at the time and survived the attack by hiding under a car, but he has said recently he has evidence implicating Tymoshenko.
Pedro Gonçalves

Ship raid censure clouds Israel PM as he eyes Iran | Reuters - 0 views

  • "The decision-making process by the prime minister was carried out without any orderly, coordinated, authorised and documented staff work," said the 158-page report of the May 2010 interception of the Mavi Marmara.
  • Lindenstrauss said Israeli discussions on stopping the Mavi Marmara was largely limited to one-on-one meetings that Netanyahu held with Defence Minister Ehud Barak and Foreign Minister Avigdor Lieberman.Israel's security cabinet, which the prime minister is obliged by law to consult before major military endeavours, convened only five days before the raid.Its members "were unaware of the purpose of the debate and did not have enough time to prepare for it", the report added.
  • A U.N. inquiry involving Israeli and Turkish representatives last September largely exonerated Israel's Gaza strategy and interception of the Mavi Marmara, though it faulted the navy for excessive force. Two previous internal Israeli probes, by the military and a government-named commission of inquiry, reported limited tactical and planning errors in the raid's execution.
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  • "The state comptroller's determination that the decision-making process was faulty does not mean the results could have been different," the Lindenstrauss report concluded."But (we) see the Turkish flotilla as an example from which we must take away lessons about the way decisions are made in future incidents - not necessarily the next flotilla."
Pedro Gonçalves

Mali, Bissau, Sudans, Somalia top U.N., AU talks | Reuters - 0 views

  • Guinea-Bissau soldiers took power on April 12, further undermining West Africa's fragile democracy gains.Guinea-Bissau has suffered turmoil from several coups and army uprisings since independence from Portugal in 1974, but the latest one has also set back western efforts to combat drugs cartels using the country as a transshipment point to Europe.
Pedro Gonçalves

Firepower bristles in South China Sea as rivalries harden | Reuters - 0 views

  • In the early years of China's rise to economic and military prowess, the guiding principle for its government was Deng Xiaoping's maxim: "Hide Your Strength, Bide Your Time." Now, more than three decades after paramount leader Deng launched his reforms, that policy has seemingly lapsed or simply become unworkable as China's military muscle becomes too expansive to conceal and its ambitions too pressing to postpone.
  • The current row with Southeast Asian nations over territorial claims in the energy-rich South China Sea is a prime manifestation of this change, especially the standoff with the Philippines over Scarborough Shoal.
  • In what is widely interpreted as a counter to China's growing influence, the United States is pushing ahead with a muscular realignment of its forces towards the Asia-Pacific region, despite Washington's fatigue with wars in Iraq and Afghanistan and the Pentagon's steep budget cuts.And regional nations, including those with a history of adversarial or distant relations with the United States, are embracing Washington's so-called strategic pivot to Asia.
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  • As part of the strategic pivot unveiled in January, the United States will deploy 60 per cent of its warships in the Asia-Pacific, up from 50 per cent now. They will include six aircraft carriers and a majority of the U.S. navy's cruisers, destroyers, littoral combat ships and submarines.
  • "Make no mistake, in a steady, deliberate and sustainable way, the United States military is rebalancing and bringing an enhanced capability development to this vital region," Panetta told the Shangri-La Dialogue, an annual security conference in Singapore attended by civilian and military leaders from Asia-Pacific and Western nations.
  • reports last week in China's state-controlled media and online military websites suggested that the first of a new class of a stealthy littoral combat frigate, the type 056, had been launched at Shanghai's Hudong shipyard with three others under construction.Naval analysts said the new 1,700-tonne ship, armed with a 76mm main gun, missiles and anti-submarine torpedoes, would be ideal for patrolling the South China Sea.These new warships would easily outgun the warships of rival claimants, they said.
  • As part of his swing through Asia last week, Panetta also visited India and Vietnam in a bid to enhance security ties with two key regional powers that have not been traditional U.S. allies but are increasingly apprehensive about China's rise.At Vietnam's deep water port of Cam Ranh Bay, a key U.S. base during the Vietnam War, Panetta said the use of this harbour would be important to the Pentagon as it moved more ships to Asia.
Pedro Gonçalves

Greeks to decide euro membership in nail-biter vote | Reuters - 0 views

  • EU partners have warned that no more bailout money will be handed to Greece, which is expected to run out of cash in weeks, unless it meets its budget and reform pledges. Tsipras says the EU is bluffing and that he wants to keep Greece in the euro."If one country leaves the euro, the euro zone collapses," he told Greek TV on Thursday. "If they don't give us the next loan installment, the euro zone will collapse the day after."
  • Analysts say it will be a Pyrrhic victory for whoever wins - Samaras will find it hard to govern for long with an empowered Tsipras protesting at the gates and Tsipras will realise he is inheriting a state on the verge of bankruptcy without bailout funds."It's possible that we will have a collapse no matter who is in government," said Yanis Varoufakis, a professor of economics at Athens University. "There is no easy solution."
Pedro Gonçalves

BBC News - Why Russia is standing by Syria's Assad - 0 views

  • Foreign policy analysts usually tend to explain Moscow's inflexible stance on Syria by evoking arms sales to Damascus (Bashar al-Assad's regime is said to have placed orders for Russian hardware to the tune of $3.5bn) and the Russian naval station in the Syrian port of Tartous. But this alone does not account for Russia's seeming indifference to the adverse effect that its international advocacy of the Assad government has on its relations with the United States, the European Union and the majority of the Arab states. The explanation has a lot to do with Russia's domestic policies and the obsessions of the Russian political class. By standing up for Damascus, the Kremlin is telling the world that neither the UN, nor any other body or group of countries has the right to decide who should or should not govern a sovereign state.
  • Ever since the fall of Slobodan Milosevic in 2000, but especially after the 2004 "Orange Revolution" in Ukraine, the Russian leadership has been obsessed with the idea of America and the EU engineering the overthrow of governments that, for whatever reason, they find unsuitable.
  • Ever since the Nato operation against former Yugoslavia in 1999, Moscow has deeply mistrusted Western humanitarian rhetoric and sees it as nothing but a camouflage for a policy of regime change.
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  • he 2011 Libyan crisis revived these fears. Many Russian leaders, and Mr Putin himself, see then President Dmitry Medvedev's decision to abstain during a vote on UN Security Council Resolution 1973, which authorised a "no-fly zone" over Libya, as a disaster.
  • Moscow's hard-line attitude thus becomes not just a way of defending particular interests, but rather a way of making a very important political point.
  • Off the record, Russian officials like to point to the Yemen roundtable talks which eased veteran Ali Abdullah Saleh from the presidential chair, granted him immunity and installed his own vice-president as the head of state. But with the Syrian drama's tragic turn, such a scenario looks increasingly unlikely. Which may well leave Moscow stuck with the Assad government till the bitter end.
Pedro Gonçalves

Analysis - Obama's Asia pivot advances, but obstacles await | Reuters - 0 views

  • the polite fiction employed by Washington serves Asia-Pacific countries who seek security assurances from the far-away United States without sacrificing important trade with nearby China and its fast-growing economy."Treading too forcefully on China's interests can and has resulted in economic reprisals against Southeast Asian countries," said Scott Harrison of Pacific Strategies and Assessments, a consultancy in Manila.
  • Beijing responded last month to its South China Sea dispute with Manila by tightening quality controls on Philippine fruit and cutting the number of visits by Chinese citizens to the Philippines.
  • Some regional security experts, however, say the renewed U.S. emphasis on Asia has emboldened China's opponents in the South China Sea dispute, an outcome Washington might not have intended."The U.S. becoming involved has fired up the Philippines and Vietnam to contest things more strongly," said Sam Bateman, a retired senior Australian naval officer and maritime security researcher at Singapore's Nanyang Technological University.
Pedro Gonçalves

Whatever euro's fate, Europe's reputation savaged | Reuters - 0 views

  • Whether the euro lives or dies, the chaotic way Europe has tackled the crisis could undermine the region's geopolitical clout for years to come and leave it at a distinct disadvantage in a rapidly changing world.
  • "The Europeans are completely consumed with a battle to save the euro zone," says Ian Bremmer, president of political risk consultancy Eurasia Group. "It's a deep and ongoing crisis bigger than any they've experienced in decades... it's an environment where European leaders could hardly be expected to prioritise anything else."That could leave the continent being increasingly sidelined as emerging powers - not just the BRIC powers of Brazil, Russia, India and China but other states such as Turkey, Indonesia and South Africa - grow in importance.At the very least, it could undermine the ability of the continent's leaders to persuade the rest of the world to take them seriously on a range of issues, from trade to the importance of democracy and human rights."Europe probably isn't going to stop preaching to the rest of the world," says Nikolas Gvosdev, professor of national security studies at the US Naval War College. "But it's much less likely that others are going to be inclined to listen."
  • At the Copenhagen climate summit in 2009, European states suffered the indignity of being outside the room when the final deal was struck between the United States and emerging powers. In the aftermath of the euro zone crisis, it's a position European leaders may simply have to get used to.
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  • for the rest of the world, it's not just the continent itself that is rapidly losing its shine. The whole European political model - generous welfare systems, democratic decision-making, closer regional integration and the idea of a currency union as a stabilising factor - no longer seems nearly as appealing to other, still growing regions.
  • "If the euro dies, it will mark the end of the European experiment in forging closer financial and political integration. But it will also have wider international implications."
  • Chellaney argues the demise of the euro might help secure the primacy of the dollar - and therefore perhaps of the United States itself - for years to come.But others believe a European collapse would be a sign of things to come for the US as well.
  • "The health of the euro or the EU, for that matter, will have a marginal impact on gold and power that is tending any way towards Asia, especially China,"
  • While Britain and France took the political lead in Libya last year, US Defence Secretary Robert Gates complained European NATO forces were in fact almost entirely dependent on US munitions, logistics and other backup.
  • Washington takes the potential threat of Europe's unravelling very seriously. In the short-term, the Obama administration is clearly concerned over the electoral fallout should the crisis in Europe cross the Atlantic before November's presidential election.But in the longer term, whether the euro survives or not US planners are beginning to face up to the fact that the continent will likely be poorer and rather more self-centred than Washington had hoped.
  • But the change in European thinking and the additional defence spending Washington called for now looks all but impossible in this time of austerity.
  • "It's doubtful any future US Defence Secretary is even going to bother to make that kind of pitch," says Gvosdev at the US Naval War College. "We'd hoped Europe could take the lead in some parts of North Africa as well as the Balkans and Eastern Europe. That now looks very unlikely."
  • Washington's military "pivot " towards Asia, he said, had been based in part on the assumption that Europe would remain stable and wealthy and the US now had little or nothing to worry about on its North Atlantic flank. A weakened Europe could make US planners much less confident of that, particularly if China extends its influence.
  • Beijing has upped its investments in Europe in recent years, including major port projects in Greece and Italy.
  • Some waning of Europe's international influence was always likely, experts say, with an ageing population chewing up ever more resources and emerging economies inevitably growing faster. But the current crisis could supercharge its decline. Whether the continent's leaders realise that, however, is another matter.
  • "Europe's main source of influence (should) be the success of its political and economic model in providing high living standards and democratic freedoms," says Jack Goldstone, professor of international affairs at George Mason University near Washington DC "If the current crisis undermines both of those as well, Europe will look like a rather weak, badly run system of ageing and economically stagnant states. Irrelevance awaits."
Pedro Gonçalves

Hungarians hail Horthy as recession fans nationalism | Reuters - 0 views

  • "If people are poor they are more open to extreme ideas."
Pedro Gonçalves

BBC News - Greek exit would be 'catastrophe', says former Greek PM - 0 views

  • Mr Papandreou told the BBC that, given more time, Greece could abide by the terms of the bailouts. "The euro is keeping us stable. Leaving would mean a bank run, higher inflation, deep wage cuts and a fall in GDP of more than 20% - it would be a major catastrophe," he said. But Mr Papandreou said Greece was not the problem. "If it was, you could simply kick out Greece".
  • He said the underlying problem which needed to be addressed was the architecture of the euro. There was a single currency, but "no unified banking system, no common fiscal policy, and different labour laws and pension systems".
Pedro Gonçalves

World economies prepare for panic after Greek polls | Reuters - 0 views

  • Officials from the G20 nations, whose leaders are meeting in Mexico next week, said that central banks were ready to take steps to stabilize financial markets - if needed - by providing liquidity and prevent any credit squeeze after Sunday's election. Canada is "ready to act" if the situation takes a serious turn for the worse of there is "an external shock," Andrew MacDougall, a spokesman for Prime Minister Stephen Harper, said on Thursday.
  • Greek banking stocks soared more than 20 percent on Thursday amid market talk that secret opinion polls were showing that a government favourable to the international bailout agreement was likely to emerge after the June 17 election.
  • Central bankers are ready to ensure enough cash is flowing through the financial system if severe market strains emerge after the elections in Greece, which coincide with votes in Egypt and France, G20 officials said."The central banks are preparing for coordinated action to provide liquidity," said a senior G20 aide familiar with discussions among international financial diplomats.
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  • Britain did not wait for the elections to announce action. Bank of England Governor Mervyn King said the country would launch a scheme to provide cheap long-term funding to banks to encourage them to lend to businesses and consumers.
  • King said the euro zone's problems were causing a crisis of confidence in Britain that was leading to a self-reinforcing weaker picture of growth."The black cloud has dampened animal spirits so that businesses and households are battening down the hatches to prepare for the storms ahead," he said.
  • Faced with Greek defiance, officials said the euro zone would not tear up the main targets of the bailout no matter who wins the elections, but it might consider giving a new government in Athens some leeway on how it reaches them.
  • "The headline targets cannot be changed," one senior EU official told Reuters. "There could be some tweaks to the path to get there, but not the goals.
  • One euro-zone official said that the main concern, if SYRIZA overwhelmingly won the election, was the risk of large capital outflows from Greece if depositors worry their savings in euros could later be frozen or converted into new drachmas."It is not even about a bank run on Monday morning after the elections. People can now log on to Internet banking and make transfers on Sunday evening as well," an official said, explaining the rationale of the ministerial call.
  • Visiting Rome, Hollande called for the euro zone to adopt bold new mechanisms to insulate member states and their banks from market turmoil, such as a joint fund to pay down debt, putting him on a collision course with Berlin."We need imagination and creativity to find new financial instruments," Hollande told a news conference. "To deepen financial union, there are many options such as a financial transactions tax and joint debt issuance, including euro bonds, euro bills or a debt redemption fund."
  • However, Merkel rejected "miracle solutions" such as issuing joint euro bonds or creating a Europe-wide deposit guarantee scheme. Such proposals were "counterproductive" and would violate the German constitution, she told parliament.
  • She warned against overstraining the resources of Europe's biggest economy, saying: "Germany is putting this strength and this power to use for the well-being of people, not just in Germany but also t
Pedro Gonçalves

Egypt Islamists claim presidency as army tightens grip | Reuters - 0 views

  • The Brotherhood has contested the army's power to dissolve parliament and warned of "dangerous days" ahead. But few expect the Islamists, who were not in the vanguard of the revolt and spent much of the past year in uneasy symbiosis with the army, to launch a violent grab for power any time soon.
  • The failure of the new parliament to agree a consensus body to draft a constitution - liberals accuse the Islamists of packing the panel with religious zealots - has left Egyptians picking their way from revolution to democracy through a legal maze while the generals control the map and change it at will.
  • Under the latest order, writing of the new constitution may pass to a body appointed by the SCAF - if a court rules against the contested panel nominated by the now defunct legislature.Any new constitution would need approval in a referendum, with a new parliamentary election following. By a timetable contained in the decree, it would take another five months or so to complete the planned "transition to democracy".
Pedro Gonçalves

Gunmen storm Pro-Assad Syrian TV channel | Reuters - 0 views

  • "We live in a real state of war from all angles," Assad told a cabinet he appointed on Tuesday, in a speech broadcast on state television. "When we are in a war, all policies and all sides and all sectors need to be directed at winning this war."
Pedro Gonçalves

Top Trends of 2012: The Continuing Rapid Growth of Mobile - 0 views

  • According to StatCounter global statistics, mobile traffic jumped from about 4% of all Web traffic at the end of 2010 to over 10.5% now.
  • According to its public statistics, Facebook had "more than 500 million mobile monthly active users as of April 20, 2012." It also claimed "488 million monthly active users who used Facebook mobile products in March 2012."
  • Facebook's overall monthly active users is 901 million, so that's 55% of Facebook's monthly active user base who access the social network on a mobile device.
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