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Facebook nears $38 IPO price for 1st time

wochit technology
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July 30, 2013 AT 5:02 PM
Facebook's stock came within pennies of its $38 IPO price for the first time since its rocky initial public offering more than a year ago. The world's biggest online social network has been on a roll since it reported stronger-than-expected earnings on July 24. Investors are especially upbeat about its fast-growing mobile advertising revenue.