Facebook’s earnings confirm importance of mobile

Facebook is up a massive 26% today on the back of strong mobile-fuelled earnings in the second quarter. Having dedicated itself to becoming a more mobile-centric platform, Facebook is reaping the rewards. This is a lesson, however, to every technology company on the importance of mobile in today's economy.
I have only brief comments on Facebook. First and foremost, I do want to stress how beaten down the stock has been. Earlier in the year in February, Facebook had traded as high as $32 a share...

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