Facebook Stock Climbs to an All-Time High of $80

Facebook Stock Climbs to an All-Time High of $80

The stock price means Facebook's market capitalization is now around $208 billion, which is more than IBM ($162 billion), Amazon ($145.2 billion) and Intel ($162.3 billion.) The previous high for the stock was $79.04 on Sept. 30.

 Facebook seems to be enjoying a surge in the market over the past few days, which followed a freefall earlier this month.

 Around noon EST, the Dow Jones Industrial Average was up about 250 points or 1.5%.Facebook's stock price is up 10% over the past week. For the year, the price has risen 46%.Apple, which broke $104 on Wednesday, rose as high as $105.05 on Thursday.

 Not everyone was enjoying the surge: Yelp, which gave lower-than-expected guidance for its next quarter, was down around 16%. Facebook rival Twitter is also down about 21% year to date.