A year ago today, CEO Mark Zuckerberg "rang the bell" to open trading in one of the most hotly-anticipated initial public offerings in history as Facebook hit the stock market. And promptly went splat.
It looks like Facebook's huge mobile risk is turning into a huge mobile opportunity.
“We’ve sent a team of people around the world to see what they use, and we care about everybody, not just you guys,” Facebooker Peter Deng said to a room full of tech elites.
More than half of Facebook's revenue comes from international sources, and only around 20 percent of monthly active users are based in the U.S. and Canada.
Facebook's earnings just hit the wire, showing $1.585 billion for the quarter and a grand total of $5.1 billion for all of 2012, narrowly beating estimates of $5 billion.
Facebook has increased the amount of revenue it generates each day from advertisements running in the News Feed by four-fold over the course of the past 90 days.
In what normally would strike the fear of God into investors, Facebook announced that it grew mobile monthly active users to 604 million people. The quarter was ultimately a rather lackluster one for the company financially speaking -- save for mobile advertising growth.
Facebook's stock fell 11 percent in after hours trading this afternoon, reaching a new low of $24, after the social network reported earnings for the first time as a public company.
Facebook will be joining the old guard next month with its first official earnings call, in which it will offer details on and explanations of its financial decisions over the past few months to investors and press.
The call is …
