WASHINGTON — Facebook, which has been fighting doubters, naysayers and pragmatists since its initial public offering (IPO) hit the market in 2012.
Reuters reported that this week, Facebook’s shares surged past the original IPO price. It took almost a year to get past the original IPO price of $38.
It broke that level to reach a $45-per-share price.
Investors have become slightly more optimistic regarding Facebook’s mobile advertising advancements and the high ceiling for potential ad revenue campaigns. The social media network is valued at $106 million, for now.
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