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Facebook's Value Tops $200 Billion on Mobile-Ad Optimism

2014-09-09 01:22:19| IT Services - Topix.net

Facebook Inc.'s market value exceeded $200 billion Monday to put it among the world's biggest corporations, as investors bet on the company to capitalize on the future of mobile advertising. Facebook shares rose 0.8 percent to $77.89 at the close in New York, valuing the company at $201.6 billion, according to data compiled by Bloomberg.

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