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Facebook goes past IPO price for the first time, hits $38.08

By Religare

Facebook has finally managed to overcome its rocky history and managed to shoot past its USD 38 IPO price for the first time since its initial public offering more than a year ago.

Shares of Facebook Inc were up 1.2 per cent to USD 38.08 in yesterday's morning trading.

Facebook has witnessed a bit of revival since reporting stronger-than-expected earnings on July 24.

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