Facebook shares rose 14 percent, to top $ 107, in pre-market trading Thursday, a day after the social network reported explosive growth in mobile advertising revenue. In its fourth quarter report on Wednesday, Facebook reported that mobile ads accounted for nearly 80 percent of total ad revenue in the company’s latest quarter. That’s up from the 69 percent mobile accounted a year ago. The company’s revenues were expected to rise 20 percent from the third quarter. Instead, Facebook’s sales grew by 30 percent, to $ 5.8 billion. More to come
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