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Quick Take Facebook will release its Q1 2013 earnings on May 1. We expect healthy advertising revenue growth driven by improved mobile monetization and a growing user base. Margins will shrink due to higher headcount related costs and infrastructure investments. We’ll also look for any color on the success of Graph Search, which could be one of the key features of Facebook going forward. Facebook will report its Q1 2013 earnings on May 1. We expect to see mobile advertising results improve driven by the company’s efforts to integrate ads into its mobile platform.

Facebook's Home app for Android phones has been downloaded more than 500,000 times from the Google Play store since its release on 4 April. But it has received mixed reviews from users, with an average rating of 2.2 out of five stars.

Douglas Rushkoff says Facebook's new app just increases disorientation and isn't getting rave reviews from users... And when I looked up Facebook Home online to try to find out just what it was, the first search results that came up were from users sharing how to disable it. This way, consumers can buy the discounted phones on which Facebook Home ships, and turn them back into a regular Android smartphones, where Facebook is just another app we can use in our own good time.

All in all, Facebook Home is ideal for true social network addicts. But those who aren’t constantly checking Facebook mobile for updates might find it more distracting than helpful.

Facebook announced their new social home screen replacement called Facebook Home last week, and today it's available in the Play Store for certain devices. The suite of apps puts more focus on your friends and social sharing than the separate apps you use to communicate, with a new home and lock screen, a new notifications area, and (of course) serious Facebook integration. Facebook Home is available for the HTC First, HTC One X and One X+, the Samsung Galaxy S III, and the Galaxy Note II. Support for the HTC One and Galaxy S4 are coming in the future, along with (hopefully) other devices. Check out the video above to see it in action, read our original post for more information, and if you have a supported device, hit the link below to try it out.

Mark Zuckerberg, the co-founder and chief executive of Facebook, is holding a live news conference to show Facebook’s new phone software, designed for Google’s Android’s operating system.