Last week, Facebook shares rose to its initial public offering price of $38 and has been slowly climbing to a peak of $41.94 on Monday -- making the social network now worth $100.6 billion.
Shares dropped to $41.34 at the close Monday in New York, according to Bloomberg News, but after a year of plummeting stock prices, this all seems like good news to investors. Facebook had their IPO in May of 2012 when its stock was valued at $38 a share. Since then, the price has halved and left many stockholders scrambling to unload stock, including Facebook's own insiders and executives. Facebook's stock price hit its apex, $45, on its first day of trading on May 18, 2012.
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