Facebook’s market value surges $38 billion as mobile ad sales soar

Facebook’s stock jumped more than 14 percent to $107.95 after the company reported a blockbuster quarter on Wednesday, pushing the company’s market capitalization over $300 billion. (Reuters) Facebook Inc’s market value soared by $38 billion in morning trading on Thursday, vaulting the company ahead of Amazon.com Inc, after the social networking service’s quarterly results blew away expectations on every key measure.
Facebook’s stock jumped more than 14 percent to