Month of May Marks The Highest Closing for Facebook
Facebook is definitely the highest earning social networking site online and it even grew more popular as years come by. Just this May 21st, 2012 Facebook has reached the highest closing they had so far and it might get higher in the years or even just months to come.
Facebook closes at one of its highest prices since its initial public offering last month. The stock rose $1.21, or 3.8 percent, to finish Friday at $33.05. Furthermore, it has not closed above that price since May 21, the second day of trading.
the stock even reached up to a staggering 10 percent, the second straight week of increase that it has reached so far. But this will still have the possibility to increase in the days months to come if Facebook will still continue to innovate and improve.
Facebook is still 14 percent below its IPO price of $38 a share but this is already enough. Facebook’s IPO has had a rocky ride lately but it is not enough to affect the entire production. Its debut was delayed by trading glitches on the Nasdaq.
Meanwhile, the investors of the company has become concerned about its ability to increase revenue and make money from its growing mobile audience, even though many analysts hold positive long-term opinions. Right now, Facebook is already the subject for dozens of shareholder lawsuits along with the investment banks that led the IPO.
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