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Marketplace

The nest is full

Oct 11, 2019

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Mid-day Update

Facebook set to expand headquarters in Menlo Park

Stacey Vanek Smith and David Brancaccio May 31, 2012
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A sign with the 'like' symbol stands in front of the Facebook headquarters on February 1, 2012 in Menlo Park, California.
Justin Sullivan/Getty Images

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.

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