Facebook passes $38 initial public offering price

Associated Press
Facebook passes $38 initial public offering price

FILE - In this May 18, 2012 file photo provided by Facebook, Facebook founder, Chairman and CEO Mark Zuckerberg, center, rings the Nasdaq opening bell from Facebook headquarters in Menlo Park, Calif. Facebook's stock has passed its IPO price of $38 before the market open on Wednesday, July 31, 2013. If the gains hold in the regular session, it would mark the first time the stock has risen above that mark since its rocky initial public offering in May 2012. Menlo Park-based Facebook has been on a roll since it reported stronger-than-expected earnings on July 24. Investors are upbeat about its fast-growing mobile advertising revenue. (AP Photo/Nasdaq via Facebook, Zef Nikolla, File)

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