Guess whose market cap is almost bigger than tech stalwart IBM’s (IBM) and is bigger than Amazon (AMZN). That would be social media network Facebook (FB). Yes, the land of cat memes and high school reunion notices is now a $190 billion company. However, FB isn’t the same firm as it was when it went public back in 2012. Its latest earnings prove that Zuckerberg and crew have turned the firm into a lean, mean revenue-making machine. Here’s Romain Dillet at Tech Crunch with more on the social media site’s recent surge.
The Wall Street Journal (Reed Albergotti): How Is Facebook doing it? Mobile ad sales, baby.
Fortune (Benjamin Snyder): Although, all this Facebooking is making you fat. Very fat.
Forbes (Steve Schaefer): In case you’re wondering, Zuckerberg made $2 billion yesterday on FB’s earnings-driven share price increase.
The Tell/Market Watch (Ben Eisen): Could Facebook stock hit $100 per share? Maybe you should jump in now.
Yahoo Finance (AP Staff): So, uh … how about that housing recovery? New home sales plunge.
Bespoke Investment Group Blog (Staff): Where are all the bulls? Seriously, investors are getting scared.
Greenback’d (Tobias Carlisle): There is a tool to help you decided whether to stay or run to cash — the Shiller CAPE.
Patrick O’Shaughnessy’s Blog (Patrick O’Shaughnessy): Better yet, automate the process of investing and go fishing.
Bloomberg View (Megan McArdle): Buy a Rotisserie Chicken and save the economy!