Facebook shares hit all-time high

Facebook shares lifted Friday to an all-time high, crossing $100 for the first time, during a rally in the technology sector on Wall Street.

Shares in Facebook rallied 2.5 percent to close at a record $102.19, to give the world's biggest social network a market value of $288 billion.

While Facebook has seen ups and downs since its stock market debut in 2012 -- hitting a low of $17.73 in September 2012, it has been on a tear as it leverages its billion-plus audience to bring in advertising revenues.

The record close comes a day after a spectacular day for tech sector earnings: Amazon, Google and Microsoft all beat expectations and saw strong gains as well. Microsoft rallied 10 percent, Google jumped 8 percent and Amazon 6 percent in a strong day for the sector.

Facebook, which releases its quarterly earnings November 4.