Facebook Shares Jump As Users Near 2 Billion

Facebook shares surged 15.5 percent on Thursday, their biggest percentage increase since July 2013, after the social networking service posted quarterly results that blew away expectations on every key measure.

Facebook shares closed at $109.11, putting its market capitalization at about $308.6 billion. That would make it the fourth most valuable technology company.

Facebook said it had 1.59 billion monthly active users as of Dec. 31, about one in every four people in the world.

Source: Reuters

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