In a first, Facebook doubled its revenue from mobile devices in the fourth quarter. However, the company estimated unreasonably high revenues from its mobile users, which resulted in the stock of the social networking giant taking a 3% dip in Wednesday after trading hours.
Revenues for the company grow the fastest in this quarter since the IPO of the company was launched. The company’s revenue rose 40%. While the company with a 1 billion user base is still struggling to improve stock performance, mobile ad revenues could well be their way out of the lurch.