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Facebook Shares Hit All-Time High $45 IPO

Facebook is on top of the world. Its shares have reached an all-time high IPO price of $45 on Wednesday while while Apple shares see a downfall. And it has been a turbulent year. The future however looks rosy indeed for the world’s biggest social network.

Sep 12 2013, 8:40am CDT | by

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Facebook Shares Hit All-Time High $45 IPO
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Facebook Shares Hit All-Time High $45 IPO

Facebook Shares Hit All-Time High $45 IPO
Getty Images

The shares of Facebook went sky high by over 3% reaching $45. What that means is that currently the social network par excellence is worth at least $106 billion. The graph of progress so far has been a series of jagged edges that rose and fell. But today’s milestone was a triumph for Mark Zuckerberg and the staff of Facebook. 

Zuckerberg spoke of how the IPO process had toughened Facebook considerably thereby making the wildly popular site a warrior among Internet concerns. He said, “I’m probably the person you would want to ask last how to make a smooth IPO, I was really worried that people would leave the company and that people would get really demoralized when the stock was down,” according to Bloomberg

Some of the CEO’s fears and worries were unfounded as he himself admitted. Zuckerberg had created Facebook from humble beginnings in a Harvard dormitory. The decision to go public had paid off in the end.  

The Internet has definitely been good to Facebook. With over 1.15 billion users spread throughout the global village, the site has been condemned for its facetiousness. Yet it is frequented by so many that the act of moral indignation seems more like jealousy surrounded with a halo. 

It is the biggest online ad business and makes a whole lot of money from the activities that take place on it. Since its debut in the hot month of May in 2012, this is the first time that Facebook has hit the nail on the head (so to say). The mobile user base has grown by a whopping 51% and things are looking up. 

 

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Update: 11

Nothing To See Here. Just A Woman Playing A Dog Like A Guitar

Source: The Huffington Post: UK Edition

Well, we say 'guitar'. But actually, it's a guitar-like instrument - most probably a yueqin. And we say 'dog'. But actually, it's more like a loveable pyjama case getting its tummy tickled. Yes, there's nothing not to love about this brilliantly silly Chinese video that's doing the rounds after being posted to Facebook: (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) ...
Source: The Huffington Post: UK Edition   Full article at: The Huffington Post: UK Edition 23 minutes ago
 


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Update: 10

The Internet Is Ruining My Hobby

Source: Splice Today

I’ve written a bunch about my random hobby: sea glass hunting. It’s where I find serenity in my nutty life: there’s nothing more peaceful than the time I spend kayaking and hunting for treasures on the beach. You’d think the Internet would be a good place for people who have a sort of obscure hobby to get together and exchange photos, ideas, and information, right? And at first, it was. I searched the #seaglass hashtag on Instagram like a champ, finding new peo ...
Source: Splice Today   Full article at: Splice Today 24 minutes ago
 

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Update: 9

Facebook to close digital Gifts service from mid-August

Source: Digital Spy

The service first launched in 2012 but was downscaled to gift cards only a year late ...
Source: Digital Spy   Full article at: Digital Spy 31 minutes ago
 

Update: 7

10 Things In Tech You Need To Know This Morning (TWTR, AAPL, YHOO, AMZN)

Source: Business Insider

Good morning! We're due for a wonderful day of weather here in New York — Sunny with a high of 82. Let's look at the news: Twitter delivered earnings that crushed expectations across the board. The stock went crazy after hours jumping over 30%.  After the company reported earnings we talked to Twitter CEO Dick Costolo about the results. He told us that the World Cup drove engagement, but not new user ...
Source: Business Insider   Full article at: Business Insider 46 minutes ago
 

Update: 6

One Killed, Five Injured as Dare Goes Awry in Germany

Source: NDTV

German authorities say a man was killed and five others injured when a mechanical digger tipped over and hit them during a so-called Cold Water Challenge, a dare that has been spreading ...
Source: NDTV   Full article at: NDTV 53 minutes ago
 

Update: 5

Southerners have enjoyed figs from their yards for generations

Source: The Charleston Post and Courier

When fig season starts in Charleston, there is a flurry of emails, postings on Facebook, and people knocking on your door with figs in their hands. The older trees produce figs earlier than the newer trees, so longtime residents, or those who purchased a home with an established tree, are the first to b ...
Source: The Charleston Post and Courier   Full article at: The Charleston Post and Courier 1 hour ago
 

Update: 4

Future Flavas: C Benj

Source: WPEG-Power 98 Charlotte

On this week’s episode of Future Flavas, Yasmin Young sits down with C Benj to talk about his latest music projects and how he’s setting himself to dominate the local and national music scene with his verses! Contact Information Connect with U.R.E by visiting facebook.com/UnderRatedEntertainment. For more information, for promo requests or for interviews, please contact C Benj at 704.777.8576 or ure.cbenj@gma ...
Source: WPEG-Power 98 Charlotte   Full article at: WPEG-Power 98 Charlotte 1 hour ago
 

Update: 3

Yet Another Man With a Gun Just Murdered His Wife and Children

Source: Mother Jones

In Saco, Maine on Saturday night, 33-year-old Joel Smith used a pump-action shotgun to kill his 35-year-old wife, Heather Smith, his 12-year-old stepson, and the couple's two biological children, a 7-year-old boy and a 4-year-old girl, before turning the gun on himself. The horrific scene was discovered on Sunday morning after a concerned family friend called the apartment complex where the Smith family lived and asked a ma ...
Source: Mother Jones   Full article at: Mother Jones 1 hour ago
 

Update: 2

Germany: 1 killed, 5 injured as dare goes awry

Source: Mail.com

BERLIN (AP) — German authorities say a man was killed and five others injured when a mechanical digger tipped over and hit them during a so-called Cold Water Challenge, a dare that has been spreading on Facebook. Prosecutors said Wednesday 11 members of a bowling club in Isselburg, on the Dutch border, had filled the ...
Source: Mail.com   Full article at: Mail.com 1 hour ago
 

Update: 1

Top Dominican Republic Beach Resort Lifestyle Holidays Vacations Club Reaches 5,000 Likes On Facebook

Source: PRWeb

Lifestyle Holidays Vacations Club, a premiere vacation provider in the Dominican Republic, celebrates reaching 5,000 Facebook likes and thanks its fans.(PRWeb July 30, 2014)Read the full story at http://www.prweb.com/releases/Lifes ...
Source: PRWeb   Full article at: PRWeb 1 hour ago
 

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

 

 

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