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Facebook’s Stock Picks Up Momentum After Announcing Its Mobile Ad Network

Wochit 0:39 mins

On the back of an analyst upgrade based on optimism about the future of its ad products, Facebook today picked up around 2.8 percent in the public markets. After starting the day at a deficit, Facebook has picked up momentum as its f8 developer conference announced several new products, including the Facebook Audience Network . Facebook Audience Networkis an important product for Facebook, as it allows the social giant to monetize off properties that it doesn’t control.

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