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Facebook to hold news event, stock passes $30

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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.

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