Facebook revenue jumps 40 percent in fourth quarter

The Facebook logo is pictured at the Facebook headquarters in Menlo ParkSAN FRANCISCO (Reuters) – Facebook Inc's advertising business grew at its fastest clip since before the company's May initial public offering, helping the company's revenue expand 40 percent to $ 1.585 billion. Shares of Facebook were down 2.5 percent to $ 30.45 in after hours trading on Wednesday. Facebook said its mobile business accounted for 23 percent of total ad revenue, compared to 14 percent in the third quarter. But some investors may have been expecting more. …

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