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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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