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Mobile Growth Fuels Facebook's Record Revenue

  • Mobile advertising made up about 80 percent of revenue
  • More than 1.59 billion users log on to Facebook each month
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The Instagram Effect: Facebook Cashes In on Mobile Ads

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Facebook Inc. shares soared after the company reported record revenue from mobile advertising.

Shares of the world’s biggest social network surged 16 percent to a record $109.11. The company gained about $40 billion in market value, more than three times the value of Twitter Inc. Facebook is the only major technology stock to advance this year, up about 4 percent so far.