TribLIVE

| Business


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

Facebook to hold news event, stock passes $30

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

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.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Stories

  1. Charges against Wash High aide accused of having sex with student withdrawn
  2. NFL coaches weigh in on Polamalu’s legacy
  3. DEP grants 18-month extension to stormwater control effort
  4. Washington County cardiology practice denies it deliberately overbilled for services
  5. Falling bricks close 2 Squirrel Hill businesses
  6. Pirates’ outfield may have few defensive peers
  7. Company pulls out of Lawrence County casino project
  8. Penguins slip past Sharks, 3-2, in shootout
  9. Bishop Canevin’s Sonson sisters sign with Chatham softball
  10. Penguins’ Letang leaves hospital, out with concussion
  11. Driver airlifted after truck slams into utility pole in Sewickley Township