(Reuters) - Facebook Inc's stellar results allayed fears that the company may face difficulty in making money from mobile ads and prompted several Wall Street brokerages to raise their target price on the stock. Facebook, whose shares were set to open up 17 percent, posted a jump in second-quarter revenue on Wednesday, with mobile ad revenues making up 41 percent of the total ad revenue. "Facebook has discovered the formula to begin significantly extracting value from its 1.16 billion global users," said JMP Securities analyst Ronald Josey. ...
via Tech News Headlines - Yahoo! News http://news.yahoo.com/facebook-wows-wall-street-mobile-ads-growth-093502156.html
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