As expected, Google on Wednesday unveiled a new version of its Nexus 7 tablet, which will debut on July 30. Google will offer three version of its new tablet: a 16GB Wi-Fi model, 32GB Wi-Fi model, and 32GB 4G LTE version.
NEW YORK (CNNMoney)
Facebook shares soared 19% after it posted strong results and said its mobile ad business continues to gain traction.
Facebook reported second-quarter revenue of $1.81 billion Wednesday, exceeding analysts' expectations of $1.62 billion.
Net income rose to $333 million, compared to a loss of $157 million a year ago.
The stock jumped to more than $30 per share in after-hours trading, a price not reached since January. Facebook's stock has never returned to its May 2012 IPO price of $38 per share.
Its monthly active users increased to 1.15 billion, up of 21% year-over-year.
The number of people using Facebook on a mobile phones or tablets increased by 51% to 819 million.
"We've made good progress growing our community," said CEO Mark Zuckerberg on a conference call with investors. "When it comes to mobile, I'm very pleased with our results."