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Facebook Delivers on Ad Revenue and Stock Gets Thumbs Up

Investors reward Facebook with a thumbs up; shares are on the move higher after earnings.

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.

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