Facebook share price is over $38 before the market opens on Wednesday

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Facebook's share price surpassed $38 before Wednesday's market open, marking its first return to the initial public offering price since May 2012. Following its IPO, the stock experienced a significant decline, reaching a low of $17.58 last September. This recent recovery is attributed to stronger-than-expected performance in the previous quarter and consistent growth in mobile revenue. Analysts anticipate further appreciation as Facebook's mobile strategy continues to mature.

Facebook股价盘前首次突破38美元

According to Sina Tech, Facebook share price is over $38 before the market opens on Wednesday. It's the first time that its share price is over $38 since its IPO last year.

In May 2012, Facebook went to public on Nasdaq with a releasing share price of $38. The share price went below $38 after the first trading day. Then after its share price kept dropping until last September it reached to its lowest point with a share price of $17.58.

But as Facebook's performance was better than expected last quarter and its mobile end revenue also keeps growing, its share price grew gradually..

On this Tuesday, Facebook's opening price was #35.65, and its closing price was $37.63. Before today's trading starts, Facebook's price is over $38. It's expected its share price will continue to grows as its strategy on mobile end is much maturer.

FACEBOOK SHARE PRICE

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