Go to the Globe and Mail homepage

Jump to main navigationJump to main content


Globe Investor

Inside the Market

Up-to-the-minute insights
on developing market news

Entry archive:

Facebook hits a new high. Will more friends follow? Add to ...

Subscribers Only

Facebook Inc. shares hit a record high on Wednesday, eclipsing the brief rally that followed their debut in 2012 and marking a big recovery from the bad news – and dismal share price performance – that followed.

After slipping below $18 (U.S.) about a year ago, or more than 50 per cent below the initial public offering price of $38, the social networking company looked like a dying fad from an investment perspective. Even as recently as June, when the shares meandered below $25, it looked suspect.

Report Typo/Error

Follow on Twitter: @dberman_ROB

Next story