Facebook Stock Hits New High, Doubling Its IPO Price

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Facebook Stock Hits New High, Doubling Its IPO Price

by Wochit 0:33 mins

Facebook Stock Hits New High, Doubling Its IPO Price

by Wochit 0:33 mins

What a difference two years make. Facebook stock topped $76 a share in early trading Thursday, a new all-time high for the company and more than double its IPO price of $38 in May 2012. The company now has a market cap of $193 billion. The stock surged more than 6% overnight following a strong second quarter earnings report thanks to continued growth in ad sales.

Wochit

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