Facebook Buyers Shrugged Off Poor Headlines, Bid Stock Up In Q3

Facebook shares rose 13 percent between the opening bell on July 3 and the open of markets Friday morning.
Based on the latest stock price, those sales could put up to $12.6 billion worth of Facebook shares up for sale.
The stock surge came even though Facebook faces a growing number of inquiries in Washington.
Sales are seen rising 42 percent this year to $39.2 billion as Facebook benefits from a surge in digital advertising.
Facebook may face growing trouble in Washington but the company still enjoys a warm reception on Wall Street.

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