Why Facebook Had a Stellar Q3

As Yammer creator David Sacks mused on Twitter on Wednesday, “At this point, Mark Zuckerberg can wear his hoodie wherever he damn well pleases.”

Indeed, Facebook‘s third quarter numbers makes fools of those Wall Street investors who criticized the chief executive’s choice of attire. The company posted its first $2 billion quarter and is now making 49% of its advertising revenues from mobile. The growth and the strong mobile numbers prompted a 17% rise in after hours trading

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