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Ultimately underwriters settled on a price of $38 per share, at the top of its target range. This price valued the company at $104 billion, the largest valuation to date for a newly public company. On May 16, two days before the IPO, Facebook announced that it would sell 25% more shares than originally planned due to high demand.
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 ...
Mark Elliot Zuckerberg (/ ˈ z ʌ k ər b ɜːr ɡ /; born () May 14, 1984) is an American businessman and philanthropist. He co-founded the social media service Facebook, along with his Harvard roommates in 2004, and its parent company Meta Platforms (formerly Facebook, Inc.), of which he is chairman, chief executive officer and controlling shareholder.
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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]
Former MMA star Gina Carano caused some controversy earlier this week when she posted a nude photo of herself to Instagram. The social media platform eventually deleted it, and she took to Twitter ...
Luigia " Gina " Lollobrigida [a] OMRI [3] (4 July 1927 – 16 January 2023) was an Italian actress, model, and photojournalist. She was one of the highest-profile European actresses of the 1950s and 1960s, a period in which she was an international sex symbol. Dubbed "the most beautiful woman in the world", [4] at the time of her death she was ...