‘Facebook Stock Surges 25% After Beating Wall Street Expectations’ – ‘Mashable’

Seth Firgerman says, “It took more than a year, but it looks like Facebook has finally impressed Wall Street.

Facebook’s stock opened above $33 a share on Thursday, its highest opening price since the day after it went public last May, after smashing Wall Street’s expectations with its second quarter earnings report.

The stock surged more than 30% overnight as Facebook beat earnings and revenue estimates for the quarter and, perhaps more importantly, came in well ahead of expectations for mobile growth, a key concern for investors. The number of monthly active users on mobile increased 51% year-over-year to 819 million”.