Facebook Inc. shares rose to a record after the company notched another quarter of revenue that beat estimates, thanks to stepped-up mobile-advertising efforts. The stock rose 4.9 percent to $108.98 at 9:35 a.m. Thursday in New York. The shares reached as high as $109.44, their intraday record since going public in May 2012. The gain gave Facebook a market value above $300 billion. The company running the world’s biggest social network on Wednesday reported third-quarter sales of $4.5 billion, compared with the $4.37 billion average analyst estimate, according to data compiled by Bloomberg. There are now 1.01 billion daily visitors checking on other people and sharing status updates,...
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