Eleven years after Mark Zuckerberg ‘s brainchild was born, the world’s biggest Internet social networking site has exceeded Wall Street’s forecasts for earnings and sales.<br /><br /> Fourth quarter profits were up 34 percent at the end of last year compared to the same period in 2013 – amounting to $701 million dollars (621 million euros). Revenue rose by 49 percent.<br /><br /> “We got a lot done in 2014. Our community continues to grow and we’re making progress towards connecting the world,” Zuckerberg said in a statement as the results were announced.<br /><br /> Business has boomed thanks to its mobile ads for smartphones and tablets. <br /><br /> Facebook, which has acquired popular products such as messaging service WhatsApp <br />and photo-sharing app Instagram, said it ended 2014 with 1.39 billion monthly users – 86 percent of them accessing its service on smartphones and other mobile devices.<br /><br /> Its success contrasts with other established Internet companies such as Google Inc <br />and Yahoo Inc, which have struggled as adve
