Facebook shares climb after encouraging revenue report
Facebook shares climb after encouraging revenue report Facebook Inc., whose disappointing shares were considered a laughingstock last year, is on the rise after the social-networking giant's sales in the first quarter of 2013 topped estimates, a sign that CEO and Dobbs Ferry native Mark Zuckerberg is succeeding in his bid generate more dollars from mobile advertising.
Facebook is going to sell 25 percent more shares than the previously planned one, making the new number of offering to 421.2 million shares and total raise could be around $16 billion.