Facebook Shares Close at Record High on Revenue Growth Optimism
This article is for subscribers only.
Facebook Inc. shares closed at a record after analysts this week said the company is getting better at making money and engaging users.
Facebook rose less than 1 percent to $58.23 at a market capitalization of $147.9 billion, beating its closing price of $57.96 on Dec. 24. The share price doubled last year as Chief Executive Officer Mark Zuckerberg focused on gaining mobile users.