Throughout this week, many major public companies have reported their fourth quarter 2013 earnings, and Facebook just so happens to be one of them. Facebook 4Q earnings have been well received by Wall Street, as the company’s revenue beat analysts expectations, resulting in a sharp spike in stock price during after hours trading. Facebook also revealed that 53 percent of its revenue now stems from mobile advertising, calming down the Street which was skeptical about the shift from desktop to mobile after the company’s IPO.
Facebook 4Q Earnings Make Wall Street Happy original content from Ubergizmo.