It’s been a tough ride for Facebook’s stock since the social network went public but after months of pain investors finally have something to smile about.
Facebook's beaten down stock soared 19 per cent overnight, posting its biggest one-day gain since going public The source of this exuberance was held in Facebook’s third quarter numbers, which have finally provided some evidence that the social network can make some money from its growing mobile subscriber base.
A one day spike in shares doesn’t necessarily mean that Facebook has cracked the code. If anything that journey is just getting started, but Facebook will be happy that investors are finally seeing the mobile potential. More importantly, they might be waking up to the fact that Facebook can actually do something about it.
Here’s an infographic, sourced from Visual.ly, that puts all the quarterly numbers in perspective.