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.
To comment, the following rules must be followed:
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.