Sign in with
Sign up | Sign in

Facebook Stock Surpasses $30 Ahead of Event

By - Source: Mashable | B 11 comments

Stock has fluctuated below $30 since social network's IPO.

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.

 

Contact Us for News Tips, Corrections and Feedback

Display 11 Comments.
This thread is closed for comments
  • 4 Hide
    dalethepcman , January 10, 2013 8:35 PM
    Sell Sell Sell!!!!
  • 3 Hide
    Ragnar-Kon , January 10, 2013 8:42 PM
    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.
  • 0 Hide
    anti-painkilla , January 10, 2013 9:11 PM
    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.
  • 6 Hide
    bak0n , January 10, 2013 9:12 PM
    Amount of ads clicked on in Facebook within my household. 0. Number of purchases made on facebook. 0.

    I'm sure I'm not the only one that follows this trend.
  • 1 Hide
    soundping , January 10, 2013 9:14 PM
    I try to stay away from those social crack sites.
  • 2 Hide
    blazorthon , January 10, 2013 11:11 PM
    anti-painkillaHave 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.


    The starting price for Facebook stock was $40. There were some people who made a ton of money from Facebook going up to $30 so recently. I almost made several hundred percent profit with some options, but missed the time-frame mark by a mere few days :( 

    Regardless, Facebook never should have opened as high as they did with how much stock volume they had. They're a company who doesn't really sell many physical products and their income, overall, seems difficult to predict/control. Just look at how Zynga has been doing. I didn't touch them at their IPO and I'm glad that I didn't.
  • 0 Hide
    p05esto , January 11, 2013 1:07 AM
    I seriously didn't think anyone used social media sites any longer, lol. What in the world is Facebook good for? Just go away already, god is it annoying to even hear that name anymore.
  • 0 Hide
    chocostain , January 11, 2013 8:14 AM
    It's a cycle. You lose some, but you gain a whole lot more. Don't lose faith! Buy more when it's cheaper. Be Blessed!
  • 1 Hide
    hector2 , January 11, 2013 4:42 PM
    At $30, FB is still a junk stock based upon hype, not on revenue and earnings
  • 0 Hide
    someoneelse , January 12, 2013 10:37 AM
    Quote:
    Another potential announcement is a search engine.


    good luck in doing a search engine better than google. Bing, Yahoo, Ask, Altavista, Aol all failed. Why facebook would succeed is beyond me.
  • 0 Hide
    blazorthon , January 15, 2013 10:20 PM
    someoneelsegood luck in doing a search engine better than google. Bing, Yahoo, Ask, Altavista, Aol all failed. Why facebook would succeed is beyond me.


    Bing, Yahoo, and even several others are still here and have tons of traffic. They don't need to be the best to make money.