Feeds

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

IPOcalypse only made us stronger... bitch

Intelligent flash storage arrays

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.” ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

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.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.