Facebook reported its fourth quarter 2012 earnings Wednesday evening, and the world’s largest social networking company made more money from advertising during the final three months of the year than in 2011, with revenue climbing to $1.585 billion (up 40 percent from $1.13 billion in 2011). But overall, net income — the money Facebook took home — fell 21 percent from the year prior, from $302 million in 2011 to $64 million in 2012.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=166152