Facebook's stock has passed its 38 dollar (£25) flotation price for the first time since its rocky public debut last May, crossing a symbolic hurdle that has eluded it for more than a year.
Shares of Facebook increased 1.2% to 38.08 dollars in morning trading in the US. That is the highest the stock has traded since the company's highly anticipated initial public offering (IPO) ended with a thud. The stock is up by more than 50% since last week.%VIRTUAL-SkimlinksPromo%
The world's biggest online social network has been on a roll since reporting stronger-than-expected earnings on July 24. Investors are especially upbeat about its fast-growing mobile advertising revenue.
Facebook's ability to grow mobile revenue was one of the biggest concerns in the weeks leading up to its IPO last year. Investors were worried that its ad business was not migrating to mobile gadgets as quickly as its user base. Facebook urged patience.
In the April-June quarter, Facebook derived 41% of its ad revenue from mobile advertising. That is up from zero in the spring of 2012 and from 30% in the January-March quarter of this year. CEO Mark Zuckerberg said last week that the company has "made good progress growing our community, deepening engagement and delivering strong financial results, especially on mobile".
Still, Facebook has room to grow. Research firm eMarketer expects Facebook to increase its mobile advertising revenue more than fourfold to more than two billion dollars this year. This would give the Menlo Park, California, company a 13% share of the global mobile ad market, up from about 5% last year.
Facebook is currently number two in mobile ads, well behind Google. EMarketer estimates that Google had a 52% share of the global mobile ad market last year. This year, the firm expects Google's share to grow to 56%.
Five of the most fascinating companies
Facebook shares above float price
Not many companies have films made about them. But the story of social networking site Facebook attracted enough attention to interest Hollywood, resulting in the 2010 film The Social Network. The interest was not just due to the immense popularity of the Facebook website, which was created in its earliest form by Harvard University student Mark Zuckerburg in 2004, though. It was also a result of the legal wrangling between Zuckerburg and fellow Harvard students Divya Narendra and Cameron and Tyler Winklevoss, who founded the social networking site ConnectU and accused Zuckerberg - who worked for them before creating Facebook - of copying their ideas and coding. In something of a damp squib ending, however, the case was dismissed due to a technicality in March 2007 without a ruling being made.
Most of the companies on this list are household names. However, comparatively few people have heard of Olam International, despite it being one of the world's largest agricultural commodity companies.
In fact, it produces enough cotton to keep everyone in the world in socks (three pairs per person, per year).
Fans of chocolate bars such as Mars are also sure to have consumed chocolate made from beans handled by Olam - they just don't realise it.
Headquartered in Singapore, Olam was founded in 1989. It now purchases ingredients such as coffee and cocoa from around 3.5 million smallholder famers based in emerging markets around the world. This enables it to work with communities in rural Africa and Asia on everything from productivity to environmental impact, resulting in a potentially huge impact on some of the world's poorest people.
Love them or hate them, Starbucks coffee shops are everywhere nowadays. Hardly surprising when you consider that the company has opened an average of two stores a day since 1987 (despite having to close some locations down too).
However, back in 1971 there was just one Starbucks coffee shop, in Seattle, Washington.
Named after Starbuck, the first mate on the whaling ship in the novel Moby Dick, the shop originally sold roasted coffee, but did not brew coffee to sell.
Now, though, you can get everything from a blueberry muffin to a mocha frappuccino from your local Starbucks store.
According to the company the white ribbon was introduced under the name in 1969. When competitors first entered the market, Coke made much of its curved bottle design which distinguished it from those that followed. As fewer and fewer people drank from bottles, the ribbon was produced as an alternative distinctive curve.
According to mokokoma, the apple is the fruit of the tree of knowledge. There is some question as to whether the bite taken out of it is a play on the word byte, symbolism of the fruit being eaten and the knowledge imparted, or just to make it look more like an apple and less like a cherry tomato.