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Shares of Facebook, which have been doggedly crawling their way back from a historic slump after lapses in users’ privacy sparked fears of lower profits, on Friday struck an intra-day record high for the first time in over a year.
Facebook briefly rose 0.72 per cent to touch $219.88 at mid-day, its highest level ever, before giving up the day’s gains to finish down 0.11 per cent. The stock on Thursday achieved a record closing high, topping the last record close seen on July 25, 2018.
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