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Facebook Market Value Tops $100 Billion Amid Mobile-Ad Push

Facebook Inc.’s market value passed $100 billion amid optimism that the world’s largest social network can bolster sales from mobile advertising.

The stock increased 1.9 percent to $41.34 at the close in New York. Earlier, it touched $41.94, the highest intraday price since Facebook’s first trading day on May 18, 2012. The shares have advanced 55 percent this year, compared with a 16 percent gain in the Standard & Poor’s 500 Index.