MOSCOW, September 9 (RIA Novosti) – The stock market value of Facebook Inc. (FB) has exceeded $200 billion for the first time, Bloomberg reported Tuesday.
Facebook shares rose to $77.89 on Monday, a record high, making the value of the company at $201.6 billion. The stock has jumped 9.3 percent since late July, after Facebook reported a 61 percent increase in second-quarter sales to $2.91 billion. Mobile ads accounted for over 60 percent of ad sales, according to the agency.
Some 1.32 billion people use Facebook at least once a month, a 14 percent increase from last year. The number of people using Facebook on mobile devices has reached 1.07 billion.
In 2012, Facebook acquired the popular photo-sharing service Instagram for $1 billion in cash and stocks. In February 2014, the company bought WhatsApp Messenger for $19 billion, its largest acquisition to date. Facebook Inc. is also the parent company of Oculus VR, which specializes in the development of virtual reality technologies.
