Why Facebook Stock Jumped on Friday

Why Facebook Stock Jumped on Friday
·1 min read

Shares of social networking company Facebook (NASDAQ: FB) popped on Friday. The growth stock's gain was likely driven both by better-than-expected results from social media peer Snap (NYSE: SNAP) and an upgraded 12-month price target for Facebook shares. After market close on Thursday, Snapchat parent Snap provided an early indication of how digital advertising seems to have fared during the second quarter.

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