Facebook stock buoyed by mysterious email invitation
The stock price of Facebook has surged to over $30 in the last 48 hours, apparently due to the social network sending out invitations to "come and see what we're building" this coming Tuesday in its Menlo Park, California headquarters. The share price surge marks a high mark for the stock since at least July.<br />
<em>Electronista</em> contacted Facebook seeking more details on the event, but was rebuffed. Speculation is varied, but the general consensus points to the long-rumored introduction a Google-like search function integrated into Facebook user feeds, accessible with a single click.
Facebook's precipitous decline in its stock <a href="http://macnn.com/rd/277006==http://www.electronista.com/articles/12/11/14/lack.of.mass.sales.spurs.facebook.stock.recovery/" rel='nofollow'>stopped in November</a>, with a slow climb back up since then. Several stock "lockup" periods have passed without a mass selloff of stock by insiders and other early owners of the stock as was feared.
|All times are GMT -5. The time now is 02:45 PM.||
Copyright © 2005-2007 MacNN. All rights reserved.
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2013, vBulletin Solutions, Inc.