Facebook stock bouncing back

Facebook’s share price has risen significantly in the last week, putting faith back into the company’s public trade survival.

The stocks have seen a 15 percent rise in less than a week, as of last Wednesday, the social network’s stock stood at $27.24 (R225.65*), and closed yesterday (June 18) at $31.41 (R260.19*)

So far, Facebook have recouped more than $10 billion from their $35 billion market capitilisation it lost during the rocky IPO.

Facebook has also recently put in a bid to buy Face.com, a facial-recognition service, in order for the company to implement a system to automatically recognise and tag photos.

*Exchange rates calculated at time of publication.
Source: Cnet

Related articles:

Facebook to buy facial-recognition startup

Facebook settles R82.7 million lawsuit

Facebook asks for your number

Facebook consolidates lawsuits, shifts IPO blame to NASDAQ

Latest news

Partner Content

Show comments

Recommended

Share this article
Facebook stock bouncing back