Tomahawk, WI 02/07/2014 (BasicsMedia) – Facebook Inc (NASDAQ:FB) seems to be in a party mode right now as it celebrates its 10th birthday riding high on awesome fourth quarter end financial results and the launch of its new app “Paper”. Wall Street which initially loved to hate the social media giant has been floored by the immense growth the company has managed to achieve despite a lukewarm response to its IPO almost two years ago.

Facebook’s riches

Facebook Inc (NASDAQ:FB) posted fourth quarter revenues of $2.59 billion, an increase of 63%, compared with the fourth quarter of 2012, its GAAP income from operations was $1.13 billion, its GAAP net income was $523 million, its GAAP diluted EPS for fourth quarter was $0.20 and non-GAAP diluted EPS was $0.31. The company gave its investors a reason to rejoice by posting 76% growth in advertising revenues which was mainly due to effective advertising by the company. The stocks of Facebook surged by 14 percent to $61.08 after Facebook declared its fourth quarter financial results. Facebook Inc (NASDAQ:FB)has also been successful in maintaining growth of its user base at impressive levels. According to Ultra high net worth (UHNW) intelligence provider Wealth-X, Facebook’s founder and CEO Mark Zuckerberg’s net worth has risen by US$3.1 billion to US$29.7 billion on Facebook’s announcement of its 2013 fourth quarter earnings after market close on Wednesday.

Facebook’s new app “Paper”

Facebook Inc (NASDAQ:FB) has recently launched an independent news reading app called “Paper” which will use algorithms and human creators to deliver customized news. Paper is the first major achievement by Facebook’s creative lab and initially it shall be available only on iPhones and later on it may be made available on many more devices. Facebook has played it smart by integrating Paper news with Facebook’s news feed which shall help “Paper” in grouping news articles in various categories. Furthermore, Facebook is planning to launch many more independent mobile apps which shall help in generating higher revenues from mobile and mobile advertising. Facebook Inc (NASDAQ:FB) is a company which has not only managed to learn the tricks of the trade within 10 years of its existence but has also learned to invest their money in the right places at the right time. This is one stock worth watching out for!

DISCLAIMER: This content is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.