The price of the world’s most valuable stock, Facebook, has surged on news of the UK election.
The share price rose from $12.80 on Friday to $24.00 on Monday.
It was a rise of more than 6 per cent.
“The stock has been soaring for months and has seen some very strong gains, up to 5 per cent today,” said James McBride, a fund manager at Covington & Harcourt.
Facebook has risen from $11.50 to $20.00 a share in the past three months, he said.
“People are not buying the stock now.
The market is in a bubble.
People are going to have to wait and see what happens in Britain.”
Facebook has seen a sharp rise in growth since the Brexit vote.
The company is now valued at $2.5 trillion, with revenues of $16.7 billion.
Facebook CEO Mark Zuckerberg has said he sees the company as a key player in a new era of digital connectivity.
The social network, which makes use of artificial intelligence to help users create and share stories, has become a symbol of the digital age.
The rise of Facebook has made investors nervous.
Shares have been falling for years as it has struggled to generate enough revenue to stay afloat.
The firm said on Monday that it would continue to operate through 2018, but would seek to raise money to stay on top of its competitors.