The company’s shares have been on an upward trajectory since it announced its stronger-than-expected earnings on 24 July. Investors ‘like’ Facebook again because of its triumph in mobile advertising, which now makes up 41% of total ad revenues.
Founder Mark Zuckerberg is no doubt over the moon having pledged to hold onto his shares until at least September 2013. What fortuitous timing. Perhaps now his fortunes have been replenished, he can afford to take his wife to classier establishments than McDonalds...and learn to tip.