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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]
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'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.
Facebook’s Net Worth. $279.95B. All information on 52-week range accurate as of Feb. 19, 2021. About Facebook. Headquarters. Menlo Park, Calif. Year Founded. 2004. CEO Mark Zuckerberg’s Net Worth.
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 ...
WASHINGTON/SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg fielded 10 hours of questions over two days from nearly 100 U.S. lawmakers and emerged largely unscathed and ...
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 ...
In August 2012, Facebook estimated that more than 83 million Facebook accounts are fake accounts. As a result of this revelation, the share price of Facebook dropped below $20. Facebook has asserted that "authentic identity is important to the Facebook experience, and our goal is that every account on Facebook should represent a real person".