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. Rossi: Time with Penguins taught Bylsma importance of stability
  2. Distracted Steelers show nothing in loss to Eagles
  3. Records: Steelers RB Bell admitted smoking pot before traffic stop but denied being high
  4. Indiana Township police on lookout for loose alligator
  5. Man, woman sought in PNC robbery in Uniontown
  6. NFL could delay punishment
  7. Utility regulator seeks $639,000 in penalties from electric supplier
  8. Pitcairn police department to carry Narcan for heroin overdoses
  9. Youngwood shelter removes 44 dogs, 9 cats from shuttered Fayette SPCA
  10. Allegheny County police balk at plan for rangers to patrol parks
  11. New Kensington slaying victims identified
Subscribe today! Click here for our subscription offers.