Facebook set to expand headquarters in Menlo Park

A sign with the 'like' symbol stands in front of the Facebook headquarters on February 1, 2012 in Menlo Park, California.

For the past week and a half Mark Zuckerberg has been losing face a bit in the stock market, but this week his company is moving ahead with plans for a major expansion to their headquarters in the Silicon Valley suburb of Menlo Park. On Tuesday, the Menlo Park city council voted unanimously to approve the expansion in exchange for $8.5 million dollars from the company.

For our mid-day extra, Mayor of Menlo Park, Kirsten Keith joined us to talk about the proposal, Facebook's IPO, and her own Facebook account.

About the author

Stacey Vanek Smith is a senior reporter for Marketplace, where she covers banking, consumer finance, housing and advertising.

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