However, Facebook bounced back smartly and the share price has gained ground especially in the wake of the company seeing a surge in its revenues from mobile advertising.
In order to sustain and strengthen its position in the social networking space, Facebook has adapted a business model as per the rapid increase in users' preference towards mobiles over desktop computers.
The networking giant, which celebrated its 10 years of existence last month, has more than 1.23 billion users across the world. On February 19, Facebook announced it is buying leading messaging app WhatsApp for $19 billion.
A rising share price has also helped Facebook's market capitalisation grow to over $150 billion currently, from about $104 billion at the time of listing.
The social networking firm's fourth quarter net profit jumped to $1.5 billion from $523 million a year earlier.
Besides, the company's revenues rose to $2.58 billion from $1.58 billion for the year.
Advertising revenue surged to $2.34 billion in the quarter and revenues from mobile segment contributed more than half of that figure.
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