.
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"
On Twitter
@Super70sSports Exact same ones my kids eat now …
@jaketapper Bowie, MD
RT @EconguyRosie: Do the math and you’ll see the Fed is implicitly forecasting a three-quarter recession starting in Q2.
RT @selinawangtv: Beijing traffic is back, long lines to get into restaurants. It's the post-zero covid spending rebound. But deep economic…
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.
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?