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At closing bell, shares were valued at $38.23, only $0.23 above the IPO price and down $3.82 from the opening bell value. The opening was widely described by the financial press as a disappointment. Despite technical problems and a relatively low closing value, the stock set a new record for trading volume of an IPO (460 million shares).
Facebook releases its 2016 Q1 earnings report, showing an increase in earnings to 77 cents per share up from 42 cents per share a year ago. The earnings beat analyst expectations, and cause Facebook share prices to soar, leading its market cap to exceed that of Johnson & Johnson. Facebook also reports an increase of 57% in advertising revenue ...
Facebook's initial public offering came on May 17, 2012, at a share price of US$38 ($50.00 in 2023 dollars). The company was valued at $104 billion ($138 billion in 2023 dollars), the largest valuation to that date.
At DWAC’s opening share price Friday, that would be worth around $3 billion or more, although it is not clear what the merged company’s opening share price will be.
Meta Platforms, Inc., [10] doing business as Meta, [11] and formerly named Facebook, Inc., and TheFacebook, Inc., [12] [13] is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. [14]
As of DWAC’s opening share price Friday, that could value his stake at more than $3 billion. DWAC shares , which fell Friday but then surged again Monday, have more than doubled this year but ...
Meta reported earnings per share of $4.71 in the quarter on revenue of $36.46 billion. ... the company’s stock price also rocketed higher last quarter after the social media company announced it ...
Underwritten by Bear Stearns on 13 November 1998, the IPO was priced at $9 per share. The share price quickly increased 1,000% on the opening day of trading, to a high of $97. Selling pressure from institutional flipping eventually drove the stock back down, and it closed the day at $63.
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