TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Facebook to hold news event, stock passes $30

FB $30.59 +$1.53

at close on WEDNESDAY

Daily Photo Galleries

By The Associated Press
Wednesday, Jan. 9, 2013, 2:48 p.m.
 

Shares of Facebook are pushing above $30 for the first time since July, boosted by its decision to send invitations Tuesday to “come and see what we're building” at its headquarters in Menlo Park, Calif.

The company will say nothing more about the event. Speculation Wednesday ranged from a Facebook phone, something the company has consistently denied exists, to new search capabilities.

Though still below its initial public offering price of $38, shares of Facebook Inc. have risen steadily since November.

 

 
 


Show commenting policy

Most-Read Stories

  1. Vandergrift Arts & Crafts Festival showcases wide range of media
  2. Steelers notebook: Tomlin bringing officials to practice
  3. Steelers film session: Harrison on the field often
  4. Penguins notebook: Malkin picture muddy
  5. Multisport athletes help Derry cross country find success
  6. Public station WQED cutting staff in face of financial woes
  7. New Latrobe hockey coach likes direction of team
  8. $5M Penn Avenue reconstruction project is ‘killing everything’
  9. Steelers are vowing to fix the costly penalties, lack of self-discipline
  10. I-79 line painting begins Thursday
  11. Jaguars’ Bortles is mirror image of Steelers’ Roethlisberger
Subscribe today! Click here for our subscription offers.