Why Facebook Stock Surged Today

Shares of Facebook (NASDAQ: FB) jumped on Thursday after the company delivered blockbuster first-quarter results. As of 3 p.m. EDT today, the stock price was up more than 7%.  

Revenue soared 48% year over year to $26.2 billion. Facebook's net income, meanwhile, rocketed 94% to $9.5 billion, or $3.30 per share.

A staggering 3.5 billion people now use at least one of the social media king's services, a powerhouse group that includes Instagram, WhatsApp, Messenger -- and, of course, Facebook's namesake platform.

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Source Fool.com