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Strong demand, especially from retail investors, suggested Facebook could choose a relatively high offering price. [23] Ultimately underwriters settled on a price of $38 per share, at the top of its target range. [23] This price valued the company at $104 billion, the largest valuation to date for a newly public company. [24]
Meta reported its Q1 earnings after the bell, beating analysts' expectations on the top and bottom, but a disappointing Q2 forecast sent shares falling.
Freddie Mac said home prices will increase 0.5% in 2024 and 2025, after saying last month they will rise 2.5% in 2024 and 2.1% 2025.
Meta shares plunged more than 15% in extended trading on Wednesday after the company issued a light forecast, which overshadowed better-than-expected first-quarter results.
A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange as well as stock that is only traded privately, such as shares of private companies that are sold to investors through equity crowdfunding platforms. Investments are ...
Microsoft Corporation is an American multinational corporation and technology company headquartered in Redmond, Washington. Microsoft's best-known software products are the Windows line of operating systems, the Microsoft 365 suite of productivity applications, and the Edge web browser.
Meta’s stock price is higher today than it was around the time of the announcement of the fine. The fine doesn’t appear to have made a difference in the share price of Meta.
Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai.Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles.