INQUIRER.net: Facebook shares rebound from dismal IPO

INQUIRER.net Philippine News for Filipinos

Facebook shares rebound from dismal IPO Jul 30th 2013, 22:57 SAN FRANCISCO—Facebook shares on Tuesday nearly climbed their way back to the $38 mark from which they plunged after a dismal debut in the stock market last year.   Facebook stock was $37.61 at the close of trading on the Nasdaq exchange after coming within five cents of reclaiming the price set at its initial public offering in May of 2012.   Shares have been steadily rising since quarterly earnings figures last week showed surging revenues from members using smartphones or tablets to access the social network.   Facebook shares plummeted after the highly anticipated IPO last year and languished, primarily due to doubts about the California-based c... Keep on reading: Facebook shares rebound from dismal IPO Media files: Facebook-Headquarters.jpg (image/jpeg)

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