Facebook stock climbs in public debut

May 18, 2012 at 8:46 am in Grand Forks Herald

Facebook updated its status to “public company” on Friday. After an anxiety-filled half-hour delay, its stock began trading on the Nasdaq Stock Market for the first time as investors were finally able to put a dollar value on the company that turned online social networking into a global cultural phenomenon. But as many people looked for a big first-day pop in Facebook’s share price, the single-digit increase was somewhat of a letdown. Continue Reading