Facebook stock has first good week - KWWL - Eastern Iowa Breaking News, Weather, Closings

Facebook stock has first good week

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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. 

 

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