Facebook's CEO Mark Zuckerberg increased his net worth after the company's stocks jumped yesterday.
Tags: Mark Zuckerberg
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Facebook traded above USD 30 on Thursday for the first time in five months. For the first time in five months, Marc Zuckerberg's brainchild, Facebook Inc.
Mobile advertisements amounted 41% of the company's total ad earnings. Yesterday's results ended concerns regarding Facebook's inability to adapt with users' usage of mobile devices rather than personal computers.
Facebook continued to be the primary social network used which accounted for its US$1.81 billion earnings from April to June.
Facebook shares rose as the company continues to see strong mobile ads earnings. Facebook posted strong stock results Wednesday. The internet giant's shares rose 19%.
Facebook Inc's revenue increase with the upsurge of users and advertisements. Facebook Inc announced a 76% improvement in mobile advertising revenue in their second quarter report, igniting a 20% share rally for the world's largest social network.
Facebook CEO Mark Zuckerberg faces a lot of questions during first shareholder meeting regarding slumping stock prices after the company's IPO last May.
As Facebook raised the expected range of the stock to $34-$38 per share, up from previous range $28-$35, those early investors are looking to cash out more shares.
