Facebook has been pushing hard on its mobile strategy. Photograph: Karen Bleier/AFP/Getty Images
Facebook bobbed above a $100bn market capitalisation for the first time on Monday, almost exactly one year since its record low.
Last week, Facebook’s stock rose to $38 its IPO value for the first time, and on Monday it closed at $41.34, bringing the company’s value by market capitalisation to $100.6bn.
Coincidentally, Monday also saw the end of a protracted court case in which Facebook will pay a $20m settlement to users who objected to their information being used as part of advertiser promotions.
Read also:
Facebook reveals governments asked for data on 38000 users in 2013 (The Guardian)
Facebook Releases Report on Government Requests (New York Times (blog))
Facebook Says Rise in US Government Requests for User Data (Bloomberg)
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