July 25th, 2013
09:34 PM ET

Mobile gains boost Facebook stock

The world's number one social network posted its biggest single day percentage gain – since going public.

Up nearly 30% Thursday to close at more than $34 a share.

Facebook rallies 30%, logs best day ever

Fueling the rally was a huge jump in revenue from mobile advertising - something that's plagued the company since it went public over a year ago.

Has Facebook finally figured it out?

OutFront: David Kirkpatrick , author of the "The Facebook Effect"

Filed under: Facebook • Tech
soundoff (2 Responses)
  1. Joey at Purdue Univ

    Had I a regular ole brokerage account, I'd be buying mad put options on this right now... But then again, I'm not at all qualified to make that call, and a far cry from Ted & Todd at Berkshire to say the least.

    That Phillips 66 spin-off PSXP is more my style, but then again I may be eating those words. I guess time will tell.

    July 27, 2013 at 1:13 am | Reply
    • Joey at Purdue Univ

      I don't know what next month brings, but as to the last 48 hours I could not have been more wrong... But 157 is still a ludicrous price-to-earnings, right?

      July 30, 2013 at 10:16 pm | Reply

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