Why Facebook Stock Popped Today

Facebook (NASDAQ: FB) stock is up 4.2% in 11:20 a.m. EDT trading Friday on a pair of positive news reports. In one, Facebook CEO Mark Zuckerberg is quoted as playing down the challenge of Apple's (NASDAQ: AAPL) new App Tracking Transparency tool that prompts users to decline giving Facebook (and other apps) "permission to track you across apps and websites."  

In a second item, Facebook is said to be expanding its potential audience of Instagram users by working up a version of the site suitable for use by children under age 13.  

Image source: Getty Images.

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Source Fool.com