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Facebook Shares soar past 2012 Price (Finally)

WASHINGTON — Facebook, which has been fighting doubters, naysayers and pragmatists since its initial public offering (IPO) hit the market in 2012.

Facebook-logo [1]Reuters reported [2] that this week, Facebook’s shares surged past the original IPO price. It took almost a year [3] 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 [4] campaigns. The social media network is valued at $106 million, for now.