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The next day of trading after the IPO (May 21), the stock closed below its offering price, at $34.03. [41] The stock saw another large loss the next day, closing at $31.00. [41] A 'circuit breaker' was used in an attempt to slow down the decline in the stock price. [42] The stock increased modestly in coming days, and Facebook closed its first ...
The stock struggled to stay above the IPO price for most of the day, forcing underwriters to buy back shares to support the price. [112] At closing bell, shares were valued at $38.23, [ 113 ] only $0.23 above the IPO price and down $3.82 from the opening bell value.
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]
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.
That’s down from January 2021, when 18 rated it a “strong buy” and 30 rated it a “buy,” but analysts see Facebook’s current troubles as temporary. Their average price target is $353.91 ...
Facebook (NASDAQ:FB) stock has not outperformed the market by very much over the last 26 months. Specifically, since July 2018, Facebook has climbed 27%, while the SPDR S&P 500 ETF Trust (NYSE ...
Facebook provides a development platform for many social gaming, communication, feedback, review, and other applications related to online activities. This platform spawned many businesses and added thousands of jobs to the global economy. Zynga Inc., a leader in social gaming, is an example of such a business.
What Facebook Is Worth. Share Price, 52-Week Range. $219.77-$384.33. 2021 Revenue. $117.93B. 2021 Profit. ... Average target estimates place the stock price at $353.91 over the next year, albeit ...