Facebook stock hits a personal high

http://gigaom.com/2014/07/24/the-world-is-looking-rosy-for-facebook-as-its-stock-hits-a-record-high/

The company’s shares hit a record high of $76.74 – that’s the highest they’ve gone since Facebook went public in 2012. By midday, the company’s market cap was $194.66 billion, spitting distance of IBM’s $197.02 billion.

Facebook’s user engagement numbers and mobile monetization are stronger than ever. Sixty-three percent of the company’s active users sign on every single day, and ad revenue grew 67 percent over the same quarter last year.

Even the hand-wringing that happened a few quarters ago — around Facebook losing teenage users — now feels like a distant memory.

#socialmedia #business