It is hard to imagine a day going by when there isn’t a juicy news story regarding Facebook Inc (NASDAQ:FB). As long as this social networking site continues to be top dog in its space, you can be rest assured it will be watched carefully by millions upon millions of people, including the press as well as investors.
As with any company, Facebook has faced a lot of ups and downs over the years. For instance, Mark Zuckerberg takes a lot of heat from outsiders regarding a variety of decisions. Of course, when he pulls off something positive, the praise comes raining down on him.
Facebook Inc (NASDAQ:FB) Shares Hit New High
Yesterday, Facebook shares closed at a new high of more than $45. This is a huge win for the company, being that investors have soured on the company a little bit over the past few months.
This is a significant milestone for the company that has been publicly traded for only 16 months.
Yesterday, Facebook closed at $45.04, up $1.44 from the previous day.
There is no denying the fact that Facebook shares have not taken off as many expected after its IPO hype. Fortunately, it now appears that things are moving in the right direction.
Zuckerberg Mad at US Government
Facebook Inc (NASDAQ:FB) CEO Mark Zuckerberg did not hide his anger over how the US government handled the recent PRISM controversy.
During the TechCrunch Disrupt conference, he had some harsh words saying, “Frankly, I think the government blew it. It’s our government’s job to protect all of us and also protect our freedoms and protect the economy and companies, and I think they did a bad job of balancing those things.
He went on to add that his company is one of many lobbying for the ability to publish details of the data requests it receives from the government.
If you are the type of person who enjoys keeping up with Facebook Inc (NASDAQ:FB) news, you are living large right now. There is a lot going on with the company, and watching its stock price alone will keep you occupied day in and day out.
To see what hedge funds are invested in Facebook, check out the stock’s profile page, or the individual equity portfolios of managers including Patrick Mccormack and Leon Cooperman. These guys have to be loving the recent performance of FB shares.