When it made its debut on public markets last May with a valuation over $100 billion, it was fair to say that Facebook (NASDAQ: FB ) was grossly overvalued.
The company's revenue sat at a relatively muted $3.7 billion, and it hadn't convinced investors it had developed a winning strategy when it came to the booming mobile side of its business.
Fast forward a little more a year -- one massive pullback and another rally later -- and Facebook is barely recognizable from its IPO. The company has made massive strides on both mobile, which is quickly becoming the bedrock of the business, and it its position as one of the emerging powers in all of online advertising. With the stock price soaring once again and analysts upgrading its shares on a seemingly daily basis, it seems once again the social networking dynamo can do no wrong.
In this video, Fool contributor Andrew Tonner looks at some of the emerging statistics that show Facebook is in fact cashing in on its major potential today.
Another social network play
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