NEW YORK ( TheStreet) -- Facebook (FB) was a big loser in premarket trading on Thursday as investors responded to the company's fourth-quarter results, which were released after Wednesday's closing bell.
Despite beating Wall Street's expectations, Facebook shares fell 5.25% to $29.60 before market open on concerns about the company's spending.
Facebook's costs and expenses rose sharply during the fourth quarter, jumping 82% year over year to $1.06 billion, although Chief Financial Officer David Ebersman told TheStreet that he isn't concerned.
"Our key issues are investments in our people
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