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