Facebook stock climbed above $50 in early trading Thursday after flirting with that price for most of the week. This marks a new all-time high for the company and an 87% increase from stock’s price at the beginning of the year
After suffering a long and painful decline throughout much of its first year as a public company, Facebook has seen its stock rebound on renewed optimism about its strength on mobile and the prospect of additional revenue streams, including Instagram advertising and the seemingly inevitable launch of video ads on Facebook’s homepage.
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Read more : Facebook Stock Tops $50 for First Time
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