AMP:Building Accelerated Mobile Pages
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Why performance is important on mobile

A steady stream of data has surfaced over the past few years that highlights the correlation of performance with user engagement. For example:

Clearly, performance has an impact on conversions. While the exact numbers will vary from study to study, any research you see on the subject will confirm the trend: as page load time increases, bounce rate increases, and conversion rate decreases. If your site is slow, you're going to lose out.