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Strong Quarter Sends Facebook Stock to Record High

Maximum PC: It took a bit of time for Facebook to gain some traction in the stock market after filing for an Initial Public Offering (IPO) a little over two years ago, but it certainly appears the world's most popular social network has found its stride. Leaving little doubt of that, Facebook sprinted past analysts' expectations by reporting $2.9 billion in revenue for its fiscal second quarter ended June 20, 2014.

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