Facebook Stock Has An Explosive Open This Morning Following Its Big Earnings Beat

Business Insider

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Mark Zuckerberg Facebook

Reuters/Rick Wilking

Facebook's stock was up 26% shortly after today's opening bell following a glowing earnings report from the company yesterday.

Most importantly, Facebook showed significant revenue growth in mobile ads, which accounted for 41% of the company's ad revenues last quarter.

In Q1 2013, Facebook reported $375 million in mobile ad revenue. That figure skyrocketed to $656 million in Q2 of this year.

We've seen some speculation on Twitter today that Facebook could hit its original $38 per share IPO price again.



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