LOCAL 12 - Search Results
Facebook Shares Up But Still Looking To Make Up Loses
(WKRC-TV)- Facebook is raking in billions of dollars as users continue to log on.
Facebook shares rose 19% after reporting $1.8 billion in 2nd quarter revenue.
Net income rose to $333 million, up about half-a-billion from a net loss from last year.
Despite the increase the company's stock has never returned to the price of Facebook's initial public offering.
For Facebook's IPO in May 2012, the stock started at $38 per share.
Yesterday, July 24, 2013, the price was $30 per share.