Facebook Shares Surpass IPO on Positive Mobile Outlook

Facebook closed above its $38 initial public offering price for the time since its debut amid optimism that the world’s largest social network can bolster sales from mobile advertising. Facebook shares closed at $38.05 on Friday and have advanced 43 percent this year, compared with a 20 percent gain for the Standard & Poor's 500 Index.

Published Aug. 2, 2013

Source: Bloomberg data

GRAPHIC: ALEX TRIBOU & DAVID INGOLD / BLOOMBERG VISUAL DATA