While the company did beat on the top and bottom line, TheStreet's Debra Borchardt said most investors are excited about Facebook's fourth quarter revenues.
The company reported total fourth quarter revenues of $2.95 billion and ad revenues of $2.34 billion, a year-over-year increase of 63% and 76%, respectively.
She went on to say that Black Friday was the biggest advertising day for the company in terms of revenues.The company also said that there has been a large shift to mobile users, from desktop users.
Borchardt concluded that investors are excited about the company's new app, Paper, and management's disciplined control over its spending. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell