Facebook Stock Hits New All-Time High

Facebook stock topped $45 a share in midday trading Wednesday, surpassing the all-time high it hit briefly on the day of the IPO more than a year ago

The stock's surge comes amid renewed optimism from investors in the social network's ability to monetize, particularly on mobile. Facebook beat earnings expectations in the most recent quarter and revealed that mobile ads now account for 41% of total ad revenue, up from essentially 0% a little more than a year earlier. More recently, there was a report that Instagram will introduce ads within the next year as well as multiple reports suggesting that Facebook will introduce video ads, though it appears the latter will be delayed for now. Read more...