Facebook stock dropped more than 5% this morning after the company posted 4th-quarter earnings by MichaelFNunez
... [+]Getty Imagesthat beat analyst revenue expectations but showed a steep rise in expenses on the year.
The company reported revenue rose 25% to $21.1 billion, beating Refinitiv forecasts of $20.9 billion. Net income increased 7% to $7.3 billion, or $2.56 a share, topping forecasts for $2.53. Expenses rose 34% year-over-year to $12 billion as its headcount swelled to nearly 45,000.
Facebook continues to report positive quarterly numbers despite being embroiled in multiple legal controversies, which include scrutiny over its proposed
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