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Facebook silences critics...for now

After Facebook's quarterly earnings release, shares traded sharply higher on Wednesday. The results suggested CEO Mark Zuckerberg may have convinced investors that mobile is an advantage, rather than a drawback.

In his prepared remarks, he calmed fears concerning the "urban myth" that teens are becoming less infatuated with Facebook by noting that Facebook usage within that demographic is steady.


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  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

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  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.