‘Facebook Has Finally Learned To Live By Steve Jobs’s Mantra’ – Business Insider
The latest article on Business Insider is titled “Facebook Has Finally Learned To Live By Steve Jobs’s Mantra”.
Ira Kalb says, “On Thursday, Facebook shares jumped 30% on news that 2nd Quarter revenue increased 53% to $1.81 billion yielding earnings per share of 19¢, which is 26% higher than analysts expectations.
Perhaps more importantly, mobile ad revenue was up 41% – erasing concerns about Facebook’s ability to sell advertising on mobile platforms. In fact, analysts at Goldman Sachs boosted the stock’s target price from $40 to $46. How did the same company that botched their IPO and sent their corporate image heading south change its fortunes virtually overnight?”.
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