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Meta finished 2023 as one of the best-performing technology stocks of the year, with its share price up 150 percent. [94] Its stock reached an all-time high in January 2024, bringing Meta within 2% of achieving $1 trillion market capitalization.
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] On May 16, two days before the IPO, Facebook announced that it would sell 25% more shares than originally planned due to high demand. [25]
t. e. Meta Platforms (formerly Facebook, Inc.) is a technology company that has acquired 91 other companies, including WhatsApp. The WhatsApp acquisition closed at a steep $16 billion; more than $40 per user of the platform. Meta also purchased the defunct company ConnectU in a court settlement and acquired intellectual property formerly held ...
Shares of Facebook owner Meta plummeted 26% on Thursday, the biggest single-day slide in market value for a U.S. company, after the social media giant issued a dismal forecast, blaming Apple Inc's ...
Tremendous AI growth opportunities sent their share prices soaring and driven the broader market to new all-time highs. While some Magnificent Seven stocks are too expensive to justify buying them ...
Facebook's initial public offering came on May 17, 2012, at a share price of US$38 ($50.00 in 2023 dollars [20]). The company was valued at $104 billion ($138 billion in 2023 dollars [ 20 ] ), the largest valuation to that date.
Andrew Bosworth. Andrew "Boz" Bosworth is an American business executive who has been chief technology officer at Meta since January 2022. After graduating from Harvard University in 2004, he worked as a developer on Microsoft Visio for almost two years, then joined Mark Zuckerberg at Facebook in January 2006, where he helped create News Feed.
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 ...