Facebook continues to put last year's initial public offering debacle behind it. The company's stock traded above $45 on Wednesday, hitting the record intraday high set in its first day of trading.
The stock is up about 68 percent this year, with the gains coming in the wake of the company's July earnings report.
Facebook was able to allay investors' concerns about its mobile strategy in the second quarter. When the company went public in May 2012, its mobile ad revenue was nonexistent.
(Read more: Facebook joins the $100 billion club)