Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Misc

 

Facebook Stocks Finally Hit IPO Price of $38

Facebook is going places. The gigantic social network has seen its stocks hit the $38 IPO price for the first time after 14 months of its debut in May 2012. This has erased previous cynicism regarding its capabilities and ambitions once and for all.

1 Updates
Facebook Stocks Finally Hit IPO Price of $38
Getty Images
 
 

YouTube Videos Comments

Full Story

Facebook Stocks Finally Hit IPO Price of $38

Facebook Stocks Finally Hit IPO Price of $38
Getty Images

Facebook’s stocks have reached to a hair breadth of reclaiming their debut price of $38 per share. Facebook share open at $38.22 today which is 1.52% up from Tuesday's $37.63/share closing price. This is the first time since 2012 that company stocks reach or go above IPO. It is a sign of optimism and is a stimulus to the creativity of Mark Zuckerberg.

Stocks have risen by 40% since the past week or so. Showing a 7% increase in shares just last Tuesday, the social network definitely has got it made. With a 1.15 billion consumer base spread all over the surface of the planet, Facebook was up until now facing dire straits. From sluggish incoming profits to insider trade that was hurting its figures, Facebook needed a guardian angel to see it through. Wall Street even made a few jokes at the expense of Facebook.

However, Facebook has proven to be the exception to the rule. Not only has it risen back to the top but it has shown a high degree of resilience along the way. The options volume was 3.8 times the contemporary daily average. Traders on the floor sure had their hands full thanks to none other than Facebook.

Its latest thing with the mobile advertising may see it go to even greater heights. The social giant is also planning to sale TV-style ads for $2.5 per day. This will also boost its revenues. The game plan has just undergone some crucial changes and Facebook finds itself back in charge. What began with a solitary individual connecting with social acquaintances has expanded into a multibillion dollar global enterprise that is finally paying off big time.

Source: Techcrunch

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

Microsoft set to unveil Windows 9 on September 30th
Microsoft set to unveil Windows 9 on September 30th
While Threshold is likely to be named Windows 9, it’s unlikely that Microsoft will name its upcoming Windows release at its press event.
 
 
Tara Reid Wears Revealing Dress at Sharknado 2 Screening
Tara Reid Wears Revealing Dress at Sharknado 2 Screening
Sharknado 2 hit the big screen yesterday in LA. Tara Reid used the occasion for a dramatic red carpet appearance. How does this dress stay on her boobs?
 
 
Mariah Carey Feels Sorry About her Marital Issues
Mariah Carey Feels Sorry About her Marital Issues
The pop diva, Mariah Carey feels sorry about her marital issues. Her problems with her husband may offer trouble in the future for the rich and famous songstress.
 
 
Rear Panels Of 5.5-inch iPhone 6 In Latest Leak
Rear Panels Of 5.5-inch iPhone 6 In Latest Leak
The 4.7-inch iPhone 6 and the unofficially-named ‘iPhone 6L’ will play out like the smartphone version of the iPad mini 2 and iPad Air.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.