Facebook reported first quarter earnings on Wednesday with revenues that topped expectations. Facebook also announced CFO David Ebersman will step down at the beginning of June. The company reported earnings of $0.34 cents a share on revenue of $2.5 billion dollars. Analysts had expected the company to report earnings of $0.24 cents a share on $2.36 billion in revenues for the quarter. The next question for Facebook is if it's planning to enter the mobile payments markets as an authorized e-money dealer.

More from Video

Stocks Trade Mixed in Further Trump Trade News and 4 Other Stories You Must Know

Stocks Trade Mixed in Further Trump Trade News and 4 Other Stories You Must Know

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

One-on-One With Carnival Corporation CEO Arnold Donald (Watch)

One-on-One With Carnival Corporation CEO Arnold Donald (Watch)

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

KPMG US Chair and CEO: Survey Shows CEOs are Still Worried About Cyber

KPMG US Chair and CEO: Survey Shows CEOs are Still Worried About Cyber