The Stock Market Smiles On Facebook ?Home', With FB Share Price Up More Than 3% After Launch Event

Facebook this morning launched "Home," a family of apps for devices running the Android operating system, at a flashy press event at its Menlo Park, California headquarters. While sentiment about the launch is still shaking out among gadget experts and other tech industry watchers, there has been a positive response from one key demographic: Public market investors. Facebook's stock rose steadily this morning as the Home launch event played out after starting at 10am Pacific Time (1pm Eastern Time.) At the time that the official event and the following Q&A wrapped at 11:00am, Facebook's stock price was $27.04, a solid gain from the $26.57 stock price that it began the event with an hour before. Trading volume was also markedly up during the event, which was available online via livestream. In the minutes after the event, Facebook's stock continued to climb -- and a half an hour later at 11:30pm PT, the price was hovering steadily around $27.20, marking a 3.6 percent gain for the day.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/QT_7vazVIF8/

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