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Facebook shares up 14 percent in pre-market trading

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...
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