Facebook to hold press event next week
NEW YORK, N.Y. - Shares of Facebook are pushing above $30 for the first time since July after it sent out invitations to "come and see what we're building" Tuesday at its headquarters in Menlo Park, Calif.
The company will say nothing more about the event. Speculation Wednesday ranged from a Facebook phone, something the company has consistently denied exists, to new search capabilities that would put it into direct competition with Google Inc.
The company emailed invitations to reporters and bloggers Tuesday and by Wednesday, shares passed the $30 mark for the first time since July.
Though still below its initial public offering price of $38, shares of Facebook Inc. have risen steadily since November as investors grow more confident that the social media site can make money through its growing mobile audience.
Latest Tech Galleries
Chris Golden, a 2014 National Geographic emerging explorer, studies the rich relationship people have with the rain forest in Madagascar and how it aff... More Chris Golden, a 2014 National Geographic emerging explorer, studies the rich relationship people have with the rain forest in Madagascar and how it affects their lives and health. His research into the risks of bush-meat consumption inspired efforts to replace wildlife hunting with chicken husbandry. His team also plans to distribute an ethnomedicine "recipe" book that will preserve vital local knowledge about indigenous plant treatments. Read more about Chris Golden and his work: http://news.nationalgeographic.com/news/2014/08/140814-emerging-explorer-christopher-golden-madagascar-ecology-epidemiology-ngfood/ The Explorers Project chronicles the work of National Geographic's Emerging Explorers—today's visionaries who are making discoveries, making a difference, and inspiring people to care about the planet. Learn more at http://nationalgeographic.com/emerging.
Date 25 mins ago, Duration 3:19, Views 0