Facebook’s stock enjoy first positive week

Comment on this story
Facebooklogo REUTERS

Facebook's stock closed with a gain for the week for the first time since its initial public offering a month ago.

The stock climbed $1.72, or 6.1 percent, to close at $30.01 on Friday. That's up 10.8 percent for the week, though it's still down 21 percent from its IPO price of $38.

Also on Friday, Facebook's chief technology officer, Bret Taylor, announced that he is leaving the company to work on a startup. Taylor said on his Facebook timeline that he's “sad to be leaving, but I'm excited to be starting a company with my friend Kevin Gibbs.”

Taylor joined Facebook in 2009 when the company bought FriendFeed, the Internet company where he was working at the time. - Sapa-AP

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines