Facebook's Stock Enjoys First Positive Week

By: Associated Press Email
By: Associated Press Email

NEW YORK - Facebook's stock closed with a gain for the week for the first time since its initial public offering a month ago.

The stock climbed $1.72, or 6.1 percent, to close at $30.01 on Friday. That's up 10.8 percent for the week, though it's still down 21 percent from its IPO price of $38.

Also on Friday, Facebook's chief technology officer, Bret Taylor, announced that he is leaving the company to work on a startup. Taylor said on his Facebook timeline that he's "sad to be leaving, but I'm excited to be starting a company with my friend Kevin Gibbs."

Taylor joined Facebook in 2009 when the company bought FriendFeed, the Internet company where he was working at the time.

KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 159246435 - kbtx.com/a?a=159246435
Gray Television, Inc.