YOUR FRIENDS' ACTIVITY

    Facebook stock closes up for 3rd straight day

    Associated Press – Mon, Jun 18, 2012

    NEW YORK (AP) — Facebook's stock has had its third consecutive day of gains.

    The stock increased $1.40, or 4.7 percent, to close Monday at $31.41. That's still down 17 percent from Facebook's IPO price of $38. Facebook began trading on May 18.

    Facebook's stock has traded as low as $25.52 since the IPO.

    Investors have been concerned about its ability to keep increasing revenue and make money from its growing mobile audience, though many analysts hold positive long-term opinions.

    On Monday, it's disclosed that Facebook is bringing one of its long-term vendors, facial-recognition technology company Face.com, in-house. Facebook wouldn't say how much it paid or what its plans are for Face.com.

    The Israeli company's technology helps people tag photos on the Web by figuring out who is in the pictures.

    Loading...

    More Tech News

     

    News for You »

    • The Gruesome Details of London's Horrifying Machete Attack

      An attack in broad daylight in London on Wednesday is drawing a swift response — and a possible terror link — from the highest authorities. Reports suggest two men chased down another man with their car before getting out, attacking him with a machete, and dragging him through the city streets. 

    • Cycling-Road-Giro d'Italia classification after stage 16

      May 21 (Infostrada Sports) - Classification from Giro d'Italia after Stage 16 on Tuesday 1. Vincenzo Nibali (Italy / Astana) 67:55:36" 2. Cadel Evans (Australia / BMC Racing) +1:26" 3. Rigoberto Uran (Colombia / Team Sky) +2:46" 4. Michele Scarponi (Italy / Lampre) +3:53" 5. Przemyslaw Niemiec (Poland / Lampre) +4:13" 6. Mauro Santambrogio (Italy / Vini Fantini) +4:57" 7. Carlos Betancur (Colombia / AG2R) +5:15" 8. Rafal Majka (Poland / Saxo - Tinkoff) +5:20" 9. Benat Intxausti (Spain / Movistar) +5:47" 10. Domenico Pozzovivo (Italy / AG2R) +7:34" 11. Tanel Kangert (Estonia / Astana) +7:43" ...

    • Extreme Solar Storm Could Cause Widespread Disruptions on Earth

      WASHINGTON — If an extreme solar storm aimed at the Earth hits in just the right way, it could put interconnected electrical grids around the world at serious risk, experts say.

    • 10 gut-wrenching images from the devastating Oklahoma tornado

      Entire neighborhoods and two elementary schools were obliterated

    • Dog Found Standing Guard Over a Tornado Victim Reunited With Her Owner

      There's a happy ending to the story of a dog, found alive in the rubble after a massive tornado devastated Moore, Oklahoma: she's been reunited with her owner.

    • Judge: Hollister clothing unfriendly to disabled

      DENVER (AP) — A federal judge in Denver is contemplating an injunction against Abercrombie & Fitch Co. and J.M. Hollister LLC after ruling earlier that nearly 250 of their clothing stores that cater to a hip, young clientele are unfriendly to the disabled.

    • IRS official Lois Lerner invokes Fifth Amendment. Why won't she talk?

      Lois Lerner, the Internal Revenue Service official at the center of the storm over the agency’s targeting of conservative political groups, invoked her Fifth Amendment rights against self-incrimination Wednesday and declined to testify at a House hearing on the matter.

    • Remains found in woods could be missing Maine teen

      BANGOR, Maine (AP) — State police in Maine say a body found in the woods likely is that of a 15-year-old girl last seen more than a week ago.

    Show More
    Loading...

    Follow Yahoo! News