Facebook Stock Surpasses $30 Ahead of Event

Ahead of the mysterious event it's holding next week, social network giant Facebook has seen its stock surpass $30.

The current stock price marks the first time it's exceeded $30 after Facebook's IPO last year. It opened to a high of $45, but that figure soon after decreased well below the $30 mark; the lowest share price was $17.55.

On January 9, Facebook's stock increased by more than 4.5 percent after it issued press invitationa for a mysterious event scheduled at its Menlo Park, California headquarters on January 15. The firm teased: "Come and see what we're building."

Despite founder and CEO Mark Zuckerberg previously denying the existence of such a device, the general consensus is that it'll announce the first smartphone powered by the social network, which is rumored to be the HTC Opera UL.

Another potential announcement is a search engine. Back in September, he confirmed that the firm is currently developing the service. Zuckerberg pointed towards the site's users carrying out over 1 billion daily searches.

 

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  • Sell Sell Sell!!!!
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  • Hey hey they're finally back up to their IP.... O wait, they're not.

    Anyway, I doubt it is a smartphone, but at the same time I can't imagine what else it could be. So I guess I could be wrong. We'll see.
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  • Have not really been following the stock price since it first started. Dropped from $100 to 17.55, the people who valued facebook for the IPO should be dragged infront of a court. I get that it is hard to value, but this is just shockingly bad.

    To those investor who lost money on it, stick to what you know.
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