Feeds

Facebook stock-spaffers officially LOSERS: Stock hits all-time high of $45

IPOcalypse only made us stronger... bitch

Security for virtualized datacentres

Facebook shares rose over three per cent to a new high yesterday, finally breaking past $45 for the first time since its IPOcalypse last year.

This means that even those who paid the highest price the shares hit on the first day of trading would no longer be out of pocket if they sold – that is, if they have held on to their holdings.

The social network's stock finished the day up 3.3 per cent to $45.04, having briefly hit $45.07 earlier in the day, a high not seen since its the first few hours after its IPO.

Speaking at TechCrunch Disrupt yesterday, Facebook founder and chief Mark Zuckerberg said that it was possible that he should have taken the network onto the markets sooner, according to Reuters.

"In retrospect, I was too afraid of going public," he said.

But he claimed that he didn't think the end result had been "that bad", since he was expecting the dire stock price to lower morale at the firm and lead to employees leaving, but that hadn't happened.

Meanwhile, the Federal Trade Commission in the US has said that it will be looking into the changes to Facebook's privacy policy to ensure they don't violate the terms of a 2011 agreement the network made, the New York Times reported.

The commission will be investigating after privacy advocates criticised the facial recognition tech the network plans to use in its "Tag Suggest" feature, which would match photos to public profiles.

“Facebook never sought out a discussion with us beforehand about these proposed changes,” FTC spokesman Peter Kaplan said. “We’re monitoring compliance with the order. Part of that involves interacting with Facebook.” ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.