In May, Facebook’s stock fell after the social networking giant’s quarterly results failed to reassure investors fears about slowing ad sales growth.
On Wednesday, Wall Street mostly liked what it heard from Facebook, which beat analyst forecasts by posting a 45% gain in second-quarter revenue to $9.3 billion. Mobile ad revenue accounted for 87% of Facebook’s nearly $9.2 billion in ad revenue—with mobile video ads making an especially strong showing.
