Facebook Share Price Tops $45 for First Time Since IPO

on Sep 12, 2013
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iNVEZZ.com Thursday, September 12th: Shares in Facebook (NASDAQ:FB), the operator of the world’s most popular social-networking service, hit an all-time high yesterday, climbing above the $45 threshold. The California-based company gained as much as 3.3 percent in value, with shares briefly hitting $45.07 at midday in New York and closing at $45.04 — highs not seen since May 18, 2012, the day of Facebook’s initial public offering (IPO).

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Facebook’s shares have surged 60 percent since July when its results exceeded analysts’ expectations. The new high has marked another milestone for the stock, which lost more than half of its value last year from the IPO price of $38 on mounting investor concerns over the company’s ability to make money as users shifted to mobile devices. The social networking firm has spent more than a year rolling out advertising products that help to reach consumers on smartphones and tablets. In addition to promotions,

Facebook also has stepped up efforts to help companies target the right groups of users with better data.

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Yesterday’s record high of Facebook’s share price came as investors focused on the company’s advances ahead of a speech by its Chief Executive Officer Mark Zuckerberg.

**Zuckerberg Speech**
CEO Zuckerberg yesterday told a San Francisco audience attending a technology conference that Facebook’s first year as a public company was “extremely turbulent”, but the process has made it a “stronger” company.
“We run our company a lot better now,” Zuckerberg said during an interview at the conference put on by AOL Inc.’s TechCrunch blog. “In retrospect, I was too afraid of going public. I have been very outspoken about staying private as long as possible, but I don’t think it’s that necessary to do that.”

The CEO reflected on Facebook’s IPO in response to a question about how he would advise online messaging service Twitter, which is expected to go public within the next year. “I am kind of the person you would want to ask last how to make a smooth IPO,” Zuckerberg said.
Separately, Zuckerberg criticised the U.S. government for its handling of questions around how the National Security Agency (NSA) uses data from Internet companies. Facebook joined other companies, including Yahoo! Inc., earlier this month in asking the Foreign Intelligence Surveillance Court for permission to publish more details about the types of national security-related orders they receive from the government.

!m[CEO Mark Zuckerberg Touts Benefits of Going Public, Comments on NSA Issues](/uploads/story/5414/thumbs/pic1_inline.jpg)
“Frankly, I think the government blew it,” Zuckerberg, adding that the U.S. government was not striking the right balance between protecting its citizens from terrorism and protecting their civil liberties. “They blew it on communicating the balance of what they were going for with this,” the CEO stated.
Zuckerberg also noted that Facebook now sees 1.15 billion monthly users. And while this number “happens to be bigger than anything else that anyone’s built, a billion isn’t a magical number,” he said, Facebook now aims to “connecting the next five billion people” – a task the CEO described as “really hard because a lot of them don’t have Internet access.”
**As of 06:00 BST buy Facebook shares at $45.12.**
**As of 06:00 BST sell Facebook shares at $45.09.**

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Facebook Share Price: Tech Giants File Suit against NSA Facebook Share Price: Privacy Groups Oppose Policy Changes

BUY or SELL
http://nvz.bz/1fUqZCl

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