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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.
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 ...
Net income more than doubled to $12.37 billion, or $4.71 per share, from $5.71 billion, or $2.20 per share, a year ago. ... The Facebook parent has been clawing back digital ad market share after ...
In Yahoo Finance's annual poll, Meta (formerly Facebook) was the worst company of the year. Stock performance, complaints, politics, congressional hearings and more had people upset.
Finance. Yahoo! Yahoo! Finance is a media property that is part of the Yahoo! network. It provides financial news, data and commentary including stock quotes, press releases, financial reports, and original content. It also offers some online tools for personal finance management. In addition to posting paid partner content from other web sites ...
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]
In September 2006, serious talks between Facebook and Yahoo! took place concerning acquisition of Facebook, with prices reaching as high as $1 billion. [70] [71] Thiel, by then a board member of Facebook, indicated that Facebook's internal valuation was around $8 billion based on their projected revenues of $1 billion by 2015, comparable to ...
By the end of that week, Meta’s share price reached $262.04. Meta stock closed at $314.31 on Aug. 2 and is up about 150% for the year. Meta’s stock price is higher today than it was around the ...