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September 12th, 2012, 14:35 GMT · By

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Facebook Stock Shoots Up After Zuckerberg's Encouraging Comments

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Facebook is trading at above $20 for the first time in weeks Enlarge picture - Facebook is trading at above $20 for the first time in weeks
Mark Zuckerberg's TechCrunch Disrupt interview was certainly interesting; but more than that it seemed to calm the savage investors, at least for now, as Facebook share price shot up quite a lot opening at $20.76, €16.21 this morning (in the US).

Facebook shares close at $19.43, €15.17 last night, up from $18.94, €14.79 at the start of the day.

The price has come down a bit in the few hours of trading today, but it's still up by about six percent, a significant one-day jump, but not the biggest we've seen.

Still, it bodes well for Facebook assuming the trend will last. Investors are a fickle bunch, who knows what they'll be scared of next. Facebook has more than halved in value since it started trading on the public market in May.
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