Facebook ‘seems to be in a sweet spot’ with surging ad sales, spike in non-ad business
April 29, 2021 at 13:33 PM EDT
Facebook Inc.'s stock is up 6%, and if it currently holds through Thursday's close, it will be at a record high. This comes as no surprise to financial analysts, who showered the social-networking giant with praise following another blockbuster quarter of advertising sales as well as a spike in non-ad revenue.