Facebook Is Doing Everything Right, Blows By Earning Estimates

Facebook (FB) - Get Report  is doing everything right it seems. Shares are spiking this morning, after blowing by estimates on both the bottom and top lines. Facebook says it's got 1.65 billion active monthly users. Advertising is growing and mobile is impressive as well. Facebook also proposed a new class of stock, known as 'C' shares, in a move meant to allow CEO Mark Zuckerberg to maintain control of the Silicon Valley Company. Global markets are reacting negatively to the Bank of Japan's decision to not approve more stimulus. The country is seeing weak inflation and weak consumer spending. The Japanese yen surged after the decision was announced. Valeant Pharmaceuticals (VRX)  is reportedly ready to make sweeping changes to its board. The Wall Street Journal reports 5 directors will step down and 4 will take their place perhaps as soon as this week. The names of the new board members weren't released but sources say they come from the traditional pharmaceutical industry.