You can now read 10 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe


Market Movers

Wall St. may be warming to site

Facebook’s stock jumped, a sign that the social media company’s complicated relationship with Wall Street may be getting brighter. Besides posting quarterly results that inched past estimates, Facebook on Tuesday also gave details for the first time on how much money it made from mobile ads. Facebook now calls itself a ‘‘mobile-first’’ company, but it only started showing mobile ads earlier this year. Facebook said that nearly $153 million of its $1.26 billion revenue came from mobile advertisements. One Citi analyst said that for the first time since Facebook’s offering, investors see a reasonably priced stock combined with accelerating growth at the company. The analyst noted that ad revenue grew at a faster pace at Facebook at a time when rival Google saw a slowdown.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week