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Monday, December 09, 2019 {{ new Date().getDay() }}

NEW YORK CITY (AFP) – Social networking giant Facebook Wednesday reached and then exceeded its 2012 IPO price of $38 a share for the first time since the company’s May 2012 initial public offering.

Shortly after the market opened at 1330 GMT, Facebook traded at $38.12, up 49 cents or 1.3 percent. The company’s IPO was priced at $38 a share. Facebook has only closed above $38 a share one time: its first day on the markets.

Photo Credit: AFP/Karen Bleier

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Jeff Danziger lives in New York City. He is represented by CWS Syndicate and the Washington Post Writers Group. He is the recipient of the Herblock Prize and the Thomas Nast (Landau) Prize. He served in the US Army in Vietnam and was awarded the Bronze Star and the Air Medal. He has published eleven books of cartoons and one novel. Visit him at DanzigerCartoons.

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