Facebook Stock Is Going Nuts

Facebook just got a nice birthday present ahead of its 10th anniversary.

Facebook stock opened at $62.10 a share on Thursday, an 16% increase overnight and the stock's first time above the $60 mark, following a strong fourth quarter earnings report that beat Wall Street estimates across the board

The social network reported Wednesday that its ad revenue had grown 76% year-over-year to $2.34 billion, driven by significant gains on mobile. For the first time in its history, mobile ads now account for the majority (53%) of Facebook's total ad revenue. Read more...