Facebook delivered fourth-quarter results above Wall Street's expectations on Wednesday and sought to show that it has finally transformed into a "mobile company." But its stock dropped sharply in after-hours trading as investors placed more significance on the company's growing expenses rather than on its increasing user base and higher advertising revenue.facebook proxy Facebook grew its revenue and increased the proportion of revenue that comes from mobile advertising — a closely watched figure. But expenses also grew sharply. Also, the company said 2013 will be a year of "significant investments" and hiring as it focuses on long-term growth rather than short-term profits.unblock facebook Facebook Inc., the world's largest social media company, earned $64 million, or 3 cents per share, in the October-December period. That's down from $360 million, or 14 cents per share, a year earlier when it was still a privately held company. Revenue rose 40 percent to $1.59 billion from $1.13 billion, surpassing analysts' expectations of $1.51 billion.get on facebook Advertising revenue grew 41 percent to $1.33 billion, increasing at a faster clip than in the third quarter, when it climbed 36 percent to $1.09 billion. Excluding special items, mainly related to stock compensation expenses, Menlo Park, Calif.-based Facebook earned 17 cents per share in the latest quarter. Analysts polled by FactSet expected lower adjusted earnings of 15 cents per share. Facebook's biggest challenge lies in mobile devices. Most Facebook users access it using a mobile phone or tablet computer, yet the 9-year-old company only started showing mobile ads about 9 months ago. Facebook has been trying to squeeze in more mobile adverting without alienating users who are more interested in conversing with their friends than being subjected to a marketing blitz. The company appears to be striking the right balance so far, based on the number of people still regularly using the mobile apps, Kessler said. Facebook said it generated 23 percent, or $306 million, of advertising revenue from mobile, up from 14 percent or $153 million in the third quarter, the first time it disclosed such information. Facebook's monthly user base grew 25 percent from a year earlier to 1.06 billion accounts. About 680 million of them access Facebook using a mobile device each month. The company also said that the number of mobile users who access the site every day surpassed daily users on the Web for the first time in the fourth quarter. The May 18 IPO was by far the biggest one for an Internet company since Google's in 2004, but the excitement quickly deflated. David Ebersman, Facebook's chief financial officer, said Facebook expects total expenses, excluding stock compensation costs, to grow by about 50 percent in 2013. In 2012, these costs amounted to $2.83 billion, an increase of 63 percent from 2011. The company ended the year with 4,600 employees, a 44 percent increase from the end of 2011. http://www.myfbproxy.com/social-evaluation-for-facebook-on-the-rise-all-the-time http://www.myfbproxy.com/successful-facebook-graph-search-needs-implementing-five-measures http://www.twitterforschool.com http://www.hideipadd.com http://www.myvpnservices.com