Filed under: News | Misc


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

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

YouTube Videos Tweets Comments

Full Story

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. 


You Might Also Like


Sponsored Update

Update: 12




Update: 11

20 Year Sentence in Robbery Turned Murder

Source: Fox 29 San Antonio

By JENNIFER SAUCEDOFollow Jennifer on Facebook and ...
Source: Fox 29 San Antonio   Full article at: Fox 29 San Antonio 17 minutes ago

More From the Web

Update: 10

Facebook profits soar on strong mobile ad growth

Source: CBS News

Alibaba To Kick Off IPO In U.S.
Social networking firm's latest results show it is making big strides in critical sect ...
Source: CBS News   Full article at: CBS News 36 minutes ago

Update: 8

Restaurant tests virtual reality gaming system that's exclusive to Irvine location

Source: The Orange County Register

Want to get a taste for some of the technology that Facebook thinks is worth $2 billion? It’ll only cost you $5 for an exclusive peek at the Dave & Buster’s in the Irvine Spectrum Center. It’s been a not-so-hidden secret that for about two... ...
Source: The Orange County Register   Full article at: The Orange County Register 47 minutes ago

Update: 7

Mobile Now Makes Up 59% Of Facebook's Advertising Revenue

Source: Fast Company

The social network reported $2.27 billion in revenue, an 82% rise from the same period last year.Facebook's investments in mobile are paying off. The world's largest social network reported $885 million in profit in the quarter ending March 31--a 183% increase from the same period last year. With $2.5 billion of revenue, the company's top line ...
Source: Fast Company   Full article at: Fast Company 49 minutes ago

Update: 6

Facebook beats first quarter expectations as ad revenue grows

Source: The Record

Facebook’s earnings and revenue grew sharply in the first quarter, surpassing Wall Street’s expectations thanks to an 82 per cent increa ...
Source: The Record   Full article at: The Record 1 hour ago

Update: 5

The iPad Falls Short of Expectations—But What Does That Mean?

Source: The Atlantic

It was Steve Jobs' last magical gadget: the iPad, harbinger of the future.  The iPad went into the tablet space, which was like the moribund corner lot where no restaurant can make it for more than a month, and transformed it into a viable market. The laptop PC trembled before the convenience and portability of the iPad.  But then a funny thing happened: iPad sales growth began to slow. And this quarter, sales substantially declined from the seco ...
Source: The Atlantic   Full article at: The Atlantic 1 hour ago

Update: 4

With OpenPower, IBM tries to turn the tables on Intel

Source: PC World

An IBM project to widen the use of its Power server chips inched forward Wednesday with Big Blue trying to challenge Intel for a bigger role in the hyperscale data centers run by the likes of Google and Facebook.It’s a turnaround from the past decade, in which Intel’s increasingly powerful Xeon chips have been eating away at IBM’s Power business. Now, with a new strategy to license its Power design for use by other server makers, IBM is fighting back. ...
Source: PC World  Full article at: PC World 1 hour ago

Update: 3

Facebook Says It Will Use Mark Zuckerberg's Facebook Page To Reveal Big Company Announcements

Source: The Business Insider

Mark Zuckerberg Attends Mobile World Congress
When it comes to sharing stuff with the world on Facebook, Mark Zuckerberg doesn't do it as often as you'd think. His last public post to his Facebook page was on March 28, almost a month ago. It was a link to a paper he wrote about using drones, satellites and lasers to expand the Internet. That was shortly after the company announced it had bought solar drone maker Ascenta. But it was the post he made a few days earlier ...
Source: The Business Insider   Full article at: The Business Insider 1 hour ago

Update: 2

The Founder Of Russia's Version Of Facebook Flees Russia

Source: The Business Insider

DLD Conference 2012 - Day 3
After giving up control of Russia's Facebook-like social network, VKontakte, Pavel Durov, the site's founder, has fled the country, according to The Moscow Times. Tuesday, Buzzfeed reported that Durov handed over the company to two investors who are allied with Putin, Igor Sechin, and Alisher Usmanov. This shift had been in the works ever since Durov refused a request by the FSB (the agency that replaced the KGB) to use VK to spy on its citizens, according to Bloo ...
Source: The Business Insider   Full article at: The Business Insider 1 hour ago

Update: 1

Mark Zuckerberg Says That Facebook Messenger Has 200 Million Monthly Active Users

Source: The Business Insider

Mark Zuckerberg Attends Mobile World Congress
In Facebook's first quarter earnings call, Mark Zuckerberg revealed that Messenger — its stand-alone messaging app — has 200 million monthly active users.  That's a pretty impressive number. Instagram just hit 200 million monthly active users. Twitter has only slightly more, with 241 million monthly active users.  The company has been trying to convince its more than 1 billion users to use Messenger exclusively for messaging. Although it's not there yet, this numb ...
Source: The Business Insider   Full article at: The Business Insider 1 hour ago

Shopping Deals


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




blog comments powered by Disqus

Latest stories

Tori Spelling Worst Mom
Tori Spelling Worst Mom
Is she that bad?
Most Beautiful is Lupita Nyong&#039;o
Most Beautiful is Lupita Nyong'o
She is a true beauty
Eric Hill Dies at age 31
Eric Hill Dies at age 31
He had been in coma

The Hottest Photos of Victoria's Secret Fashion Show 2013