THE FOLLOWING EXCERPT IS FROM USATODAY!
LOS ANGELES — Has Facebook cracked the holy grail of the new mobile technology? Investors sure think so.
Shares of the largest social media company soared more than 30% Thursday in their best performance since the company went public last May, and at more than $34 a share are now within range of its much-maligned IPO price of $38.
The reason: The company appears to have figured out how to make money on its booming traffic on mobile devices, something that has dogged tech companies since mobile became the key to the future a few years ago.