Facebook — the “love me, love me not” flower of the tech
world — is getting some loving again. According
to Bloomberg the social media stock, whose initial public offering famously
flopped on Nasdaq, had a banner day yesterday, soaring 19 percent to $23.23. It
is still off 39 percent since the May IPO.
Sales topped analysts’ estimates, allaying concerns over its
ability to make money from mobile ads. Ads delivered to people on mobile
devices generated about $150 million during the quarter, up from about $10
million in the second quarter, according to an analyst’s estimate…..
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