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Facebook hits high note on stock market

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On May 18, 2012 Facebook offered its IPO or initial public offering at $38 a share, it closed out January 31, 2014 at $62.57.

Thousands held skeptic views early on toward the value of the social media on the stock market, sometimes with good reason. In August 2012, the stock fell slightly under $20 a share.

Currently, Facebook says it has 1.23 billion users per month, with market capitalization of $136 billion generated from brokers, ad sales, mobile and smart phone formats.

In October 2013, Facebook indicated a daily decline in teenage usage, but it still poses a significant threat to traditional TV due to its video ads format. It also purchased Instagram in April 2012, offsetting the loss of younger teens to Snapchat or WhatsApp.

Facebook has been instrumental in the recent surge on the stock exchange before the sell off jitters over China's slowing economic growth.

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