Facebook stock soars 30 percent

July 25, 2013 4:00:12 PM PDT
The social media company has had mostly bad news from Wall Street since that botched IPO last year.

But the company stock began gaining ground after it reported a big increase in revenue from mobile advertising for the second quarter.

By closing on Thursday, Facebook stock was up almost 30 percent.

It closed at $34.36.

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