Has Facebook put its shaky IPO days behind it? The company reported a 32 percent increase in third-quarter revenue, bringing its total to $1.26 billion. The gains translated to a 9 percent jump in the company’s stock price, which shot up to $21.22 on Tuesday during after-hours trading. Facebook’s mobile advertising business drove the company’s revenue bounce. The rest of the market, however, did not have a good day. Disappointing third-quarter reports from companies like DuPont and 3M pushed the Dow Jones Industrial Average down more than 243 points, the single largest loss since June.
Read it at Reuters
