Originally published on Fri January 11, 2013 5:23 pm
By Avie Schneider
Credit Paul Sakuma / AP
If you're a casual observer of the stock market, the last time you tuned in to what was happening with Facebook's stock was probably last May.
In those days after the company's long-anticipated initial public offering, its price was diving daily — exactly the opposite of what many had expected given the hype leading up to Facebook's IPO.
The IPO itself was full of technical problems — many buyers weren't sure if their orders went through. And then there were questions about whether Facebook could figure out how to make money in its fastest-growing segment — mobile.
Alcoa, the biggest aluminum producer in the U.S., has announced it posted a profit of more than $240 million in the last three months of 2012. That's a big improvement from the same quarter the year before when it lost $190 million.