Happy Friday to Facebook. With shares worth $40.55 at market close, the social network finished the week in its best position yet since it debuted on the Nasdaq in May 2012.
After a tumultuous 14 months, Facebook shares have been trading in the high $30s ever since the company showed in its second-quarter earnings report that it could profit from members switching their attention from desktop to mobile. Facebook said it made 41 percent of its advertising revenue, or $656 million, from mobile in the second quarter of 2013.
The company's first ever more-than-$40 close seems to … Read more