Facebook Tops 1 Billion Mobile Users

Earnings surge, new CFO named

Facebook crossed the billion mobile user mark last quarter, the company announced in today’s earnings report. The company also announced a big transition in leadership as CFO David Ebersman plans to step down, with David Wehner taking his place in June. Wehner has been a Facebook executive since 2012 and formerly was Zynga's CFO.

Facebook said it now has 1.01 billion monthly active users, up 34 percent year over year. The mobile surge has been a Facebook triumph, and the ad business has responded.

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