FB: It finally happens: Facebook closes above IPO price

It finally happens: Facebook closes above IPO price • 5:18 PM

• Facebook (FB +1.4%) closed at $38.05 today, marking the first time since the company's initial trading day that shares closed above their $38 IPO price.
• Analysts continue to sing Facebook's praises in the wake of its huge Q2 beat, generally while highlighting its mobile ad growth.
• Today's milestone caps what has been euphoric 10-day period for several recent Internet IPOs. In addition to Facebook's huge post-earnings gains, Yelp, LinkedIn, and Trulia have taken off thanks to strong Q2 reports.
• Previous: Facebook roundup

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FB price at time of publication: $38.03. Check FB price now »

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Focus Articles on FB

• Hitting The Dislike Button For Facebook's Valuation by Marshall Hargrave
• Facebook, LinkedIn: Recent Intensive Insider Selling by Markus Aarnio
• Facebook: Don't 'Like' Its Stock Price by Sacha May

Press Releases on FB

• Facebook Reports Second Quarter 2013 Results (PR Newswire)
• Facebook to Announce Second Quarter 2013 Results (PR Newswire)
• Facebook Reports First Quarter 2013 Results (PR Newswire)

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Transcripts on FB

• Facebook Inc. (FB) CEO Discusses Q2 2013 Results - Earnings Call Transcript
• Facebook Inc (FB) Management Discusses Q2 2013 Results (Webcast) by SA Transcripts
• Facebook's CEO Discusses Q1 2013 Results - Earnings Call Transcript

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