Facebook Profit Rises Swiftly; Zuckerberg Rich By $3.8 Billion

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mark zuckerberg

Mark Zuckerberg?s fortune soared $3.8 billion yesterday as shares of Facebook Inc. (FB), the world?s most-popular social-networking service, rallied 30 percent to the highest level since May 2012.

Surging demand for mobile advertising helped profit and revenue top analysts? estimates in the second quarter Wednesday. The earnings may quell concerns, voiced by analysts and investors since Facebook?s initial public offering last year, that the rising popularity of smartphones and tablets is outpacing its ability to make money selling promotions to mobile users.

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