Facebook continues to deliver huge growth in its advertising revenue, even as its desktop audience declines. Facebook's total revenue was up 63% and ad revenue was up 76%. The stock was off and running as investors decided there was less uncertainty in owning the social media giant. Efforts in the mobile space continue to pay off for ad sales. Facebook is also becoming an effective source for marketers when they want to promote a product and Facebook hopes to capitalize on small businesses.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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