. >> susie: joining us with more analysis on those facebook numbers, michael pachter, research analyst at wedbush securities. >> susie: so, michael, you've had time now to analyze the numbers, you listened in on the conference call. what's your take on facebook, how it's doing and the outlook? >> they did everything right except they continued to plan to spend a lot of money. and i think that investors have bid up the share price in recent weeks because they expected that the rate of spending growth would slow, and that you would start to see some leverage from the revenue growth. and it doesn't look like we're going to get very much of that next year. >> susie: a lot of people were saying ahead of this earnings report coming up that the one number to watch was the percentage of ad sales coming on mobile phones. and facebook delivered a really strong number. 23%. so that wasn't enough to offset any other disappointments? >> no. that number is huge. if you think about mobile users comprising about 62% or 63% of total users, you know that is not exclusive use. so overall mobile use is pr

will the analyst community get on board basically with michael pachter? we shall see.bama's pick to run the securities and exchange commission is a seasoned prosecutor, considered one of the best white-collar lawyers in the country, but is mary jo white the right person to lead the agency? charlie gasparino probably doesn't have his own opinion but you have spoken to somebody that does. >> i have spoken to a lot of people that do, people that were in law enforcement, people that have worked at sec, people that like mary jo white. she was a very good prosecutor. she was the u.s. attorney for manhattan. that is the lead prosecutor agency of all the u.s. attorneys. do most of the big white-collar cases, do mob cases, terrorism, you name it, mary jo white has been there, very good prosecutor. republicans and democrats like her. the question is, does she have the right skill sets and i'm not saying intellect but it is a skill set, the way of approaching the job that should make her the head of the securities and exchange commission, which is a regulator, not necessarily a p

michael, we like the contrarian view. thank you for coming on. >> thanks, scott. >> mike pachter in l.a. >> had a whole conversation with gary kaminsky. it has the institutional growth manager that wants to buy the stock on any dip. that's exactly what apple has lost in the growth space. facebook is going to continue to have that longer term, any bid underneath the market is going to be significant. >> rotation out of ap. nool facebook that's going to continue. >> i was short puts on this one, the panic that carried it below 28, adios to those of you who got out down there. >> it may just be that mobile is not a place where you can make money in terms of advertising. i don't think anyone here looks at their mobile ads. >> google is proving it started to turn the tide on that area as well and get some traction. it damned well better be for the likes of google and facebook. what do you mean you can't make money on ads from mobile devices. >> i don't know you can. lots of pricing pressure, i don't know if you can make the money on it to justify the valuation he's talking about going out a year or two. >> that will be the last w