GOING MOBILE: Facebook shares are on track to have their biggest daily gain since the initial public offering in May, the Wall Street Journal notes. The stock rose 21% to $23.57 in midday trading on Wednesday, a day after the company announced an unexpected increase in Q3 revenue from sales of mobile ads. These ads accounted for 14% of total revenue, up from none a year earlier. Through Tuesday, shares had fallen 47% from the IPO price of $38. "They're moving in the right direction, and it seems to be that they're picking up speed," said Kevin Landis of Firsthand Capital Management. "They're starting to get more revenue on each mobile user, and the mobile users are spending more time on Facebook." (10/25a)
TOP 50: TAY'S THREE-PEAT, DUA'S OPTIMISM AND MORE
The most popular POETS in history (5/10a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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