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4 possibilities for new Facebook products
By Benjamin Pimentel, MarketWatch
SAN FRANCISCO (MarketWatch) — Investors are eager to hear what Mark Zuckerberg and company are up to at Facebook Inc., driving up the social network’s shares to their highest level in nearly six months.Facebook FB +5.26% sent out media invitations late Tuesday for a Jan. 15 event at the company’s headquarters in Menlo Park, Calif. That has sparked speculation that the social network is about to unveil a major product announcement.
The buzz spread to Wall Street on Wednesday, where Facebook shares jumped 5.3% to close at $30.59. The stock passed the $30 mark for the first time since July last year — when the stock was in rapid descent following what was considered to be a disappointing IPO at $38 a share.
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