Search results
Results from the WOW.Com Content Network
Facebook’s initial public offering got off to a rocky start, as the stock plummeted 50% in the first few months and took a full year to get back to its IPO price of $38.
[43] The stock closed its second full week of trading on June 1 at $27.72. By June 6 investors had lost $40 billion. [44] Facebook ended its third full week at $27.10, slightly lower than a week previous. [45] The stock stayed below the $38 mark for months and finally bottomed out in September 2012 below $18. [46]
Meta Platforms, the parent company of Facebook (Nasdaq: FB), released its fourth-quarter and full-year earnings for fiscal year 2021 on Feb. 2. The tech giant's weak quarterly results and first ...
Additionally, Facebook had to implement a new privacy structure, follow a 20-year settlement order, and allow the FTC to monitor Facebook. [225] Cambridge Analytica's CEO and a developer faced restrictions on future business dealings and were ordered to destroy any personal information they collected.
Facebook’s initial public offering got off to a rocky start, as the stock plummeted 50% in the first few months and took a full year to get back to its IPO price of $38. After improving its ...
Facebook announces that it is acquiring the Sequoia Capital-backed multi-platform mobile messaging app WhatsApp for US$16 billion ($4 billion in cash, $12 billion in Facebook shares) plus an additional $3 billion in restricted stock units to be granted to WhatsApp's founders and employees that will vest over four years subsequent to closing.
Mark Zuckerberg launched Facebook in 2004 and took the company public in 2012. In November 2021, Facebook changed its name to Meta Platforms, Inc. The company owns Instagram , its flagship ...
Facebook‘s chief exec Mark Zuckerberg has sold nearly $280 million worth of company stock in the past month — his first sales of the year. Zuckerberg began offloading shares on November 9, and ...