...and Conway’s thoughts on mobile investing, Apple, Digg, AdMob, IPOs and M&A Mobile advertising is as one Advertising Age writer put it: This great white whale that is forever on the horizon but perpetually out of reach. But thanks to the proliferation of the iPhone, and other smart phones, and a surge in social networking usage on a mobile device, the promise of mobile marketing may be closer than we think. Recent reports showed that mobile advertising should grow 36% to $229 million in 2009, according to Magna. The Kelsey Group estimates that mobile advertising will grow to $3.1 billion in five years, or by 2013. That's a compounded annual growth rate of 81% annually from $160 mln in 2008. And, UK mobile advertising spending doubled in 2008 to a higher than ...   [ Read more ]