Facebook shares soared 25% Thursday, the morning after it posted strong results and said its mobile ad business continues to gain traction.
Facebook reported second-quarter revenue of $1.8 billion Wednesday, exceeding analysts' expectations of $1.6 billion.The stock jumped to more than $33 per share in early trading, a price not reached since January. Facebook's stock has never returned to its May 2012 IPO price of $38 per share.
One big reason for the new surge: The number of
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