NEW YORK (TheStreet) -- Facebook (FB) - Get Facebook, Inc. Class A Report hit a new all-time high this week. That is pretty remarkable. Just think back to 2012. Facebook's stock was getting cut in half. And it had only been a few weeks since its initial public offering.

Since then, however, its stock is up more than 300%. Mark Zuckerberg displayed amazing leadership over that same timeframe. At the 2012 TechCrunch Disrupt, he told his current and future employees, "I actually think it's a great time for people to join, and it's a great time for people to stay and double down. And I think we're seeing that."

If you had bought Facebook stock when Mark Zuckerberg said that, you would have tripled your money. Facebook has shocked everyone with its success on almost every mobile device. Its acquisition of Instagram for $1 billion has proven to be brilliant.

So what is next for Facebook? It could be Oculus Rift. News broke this week that Facebook is teaming up with Samsung (SSNLF) to build more Oculus Rift products. Shortly after that news broke, Facebook climbed as high as $77.48 per share -- its current record. Now you have to see how it looks on a chart. The result is epic:

TheStreet Recommends

Image placeholder title

If you enjoyed this post you can follow the author on Twitter and StockTwits. He also runs a weekly
email that you can freely join right here.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

TheStreet Ratings team rates FACEBOOK INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate FACEBOOK INC (FB) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation." You can view the full analysis from the report here: FB Ratings Report