Facebook Stock Reaches $80
Mashable has reported that Facebook Stock crossed $80 in midday trading. The Facebook Stock price has grown by 46% in the past year.
Todd Wasserman says, “The stock price means Facebook’s market capitalization is now around $208 billion, which is more than IBM ($162 billion), Amazon ($145.2 billion) and Intel ($162.3 billion.) The previous high for the stock was $79.04 on Sept. 30. Facebook seems to be enjoying a surge in the market over the past few days, which followed a freefall earlier this month. Around noon EST, the Dow Jones Industrial Average was up about 250 points or 1.5%”.
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