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Shares of Apple (NASDAQ:AAPL) hit a new all-time high of $696.98 during intra-day trading, before closing the week at $691.28. Shares continue to edge higher in late afternoon hours. The tech giant had to push back shipping times of its new iPhone 5 in less than 60 minutes during the pre-order. In comparison, it took the iPhone 4S about 22 hours to see a supply crunch.
Facebook (NASDAQ:FB) shares posted their best one-week rally, a pop of 15 percent, since going public four months ago. On Friday, the social media giant finished 6.21 percent in the green, and continues to attract attention in late trading. Mark Zuckerberg started the boost by making his first public appearance since May. The company also announced a new service called Facebook Ad Exchange, which allows advertisers to bid in real time for available ad space. Other Internet names such as Groupon (NASDAQ:GRPN) and Pandora (NYSE:P) also finished the week on a strong note.
Zynga (NASDAQ:ZNGA) shares jumped 7.4 percent on Friday, and continue to climb higher in late trading. The company announced Maytal Ginzburg Olsha, former senior vice president of corporate and regulated markets at online gambling firm 888, will be Zynga’s new chief operating officer of new markets. The move is seen as a step forward for Zynga to expand its revenue base with real gambling.
Shares of Google (NASDAQ:GOOG) closed the week near $710 a share, but edged slightly lower towards $708 in late afternoon hours. The king of search recently reported strong results in its Google Wallet app. The company states, “In the weeks since we released a new version of the Google Wallet app that supports all credit and debit cards, usage has more than doubled. Consumers have immediately grasped the benefit of being able to use any card when shopping in-store and online.”
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