The previous record was held by Google Inc., which took them about eight years to reach there.
Facebooks shares trade at 87 times earnings, almost five times the average in the S&P 500.
At the same time, companies in the Nasdaq Internet Index trade at a price-earnings ratio of 27.
Investors think Facebook is more valuable than the average Nasdaq stock.
Hence, the companys quick rise to $90.10 a share on Monday is even more striking.
More than two-thirds of that came from mobile ad sales.
Analysts estimate that mobile ad sales rose by 37 in the second quarter.
Q2 results will be reported on July 29.
Earnings estimates in the first quarter of 2015 was topped by Facebook.
source: www.techworm.net
