by Reuters
Shares of Facebook rose more than 3 percent to a new high Wednesday, bringing them back to a level not seen since May 18, 2012, the day of Facebook's initial public offering. The stock's new same-day high of $45.07 is the latest milestone in Facebook's yearlong recovery from fears that it would struggle to make money from mobile users at a time when young people go online mostly through their smartphones.…[ Read more ]