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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'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 IPO: Facebook goes public, negotiating a share price of $38 apiece, valuing the company at $104 billion, the largest valuation to date for a newly listed public company. [168] 2012
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 ...
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]
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 ...
The Facebook real-name policy controversy is a controversy over social networking site Facebook 's real-name system, which requires that a person use their legal name when they register an account and configure their user profile. [1] The controversy stems from claims by some users that they are being penalized by Facebook for using their real ...
Archived from the original on 30 October 2023. Retrieved 13 February 2024. ^ Howley, Daniel (8 November 2021). "Google hits $2 trillion market cap, joining ranks of Microsoft and Apple". Yahoo! Finance. Archived from the original on 8 November 2021. Retrieved 8 November 2021. ^ Vlastelica, Ryan (26 April 2024).