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The company dropped 'The' from its name after purchasing the domain name facebook.com in 2005 [23] for $200,000. [24] The following year, the platform was made available for high school students, and in 2006, it became accessible to the general public. In December 2005, it was reported that Facebook had 6 million monthly active users. [25]
The technology company Facebook, Inc., [a] held its initial public offering (IPO) on Friday, May 18, 2012. [1] The IPO was one of the biggest in technology and Internet history, with a peak market capitalization of over $104 billion.
Facebook (FB), now Meta Platforms Inc. (META), went public with its initial public offering (IPO) on May 18, 2012. The popular social networking company had one of the largest and most...
The social networking behemoth is set to go public in one of the largest initial public offerings in history on Friday. The event marks the rare intersection of Wall Street financial geeks,...
Facebook co-founder Mark Zuckerberg rang the bell to the Nasdaq exchange from Menlo Park on Friday signifying the social giant’s first day trading as a public company.
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.
2004. Zuckerberg and co-founders Dustin Moskovitz, Chris Hughes and Eduardo Saverin launch Facebook for Harvard students. A month later it opens to students of Yale, Columbia and Stanford ...
At the time it went public, Facebook was valued at $104 billion and had some 900 million registered users worldwide. Facebook was founded as TheFacebook in February 2004 by Harvard University...
In February 2012 Facebook filed to become a public company. Its initial public offering (IPO) in May raised $16 billion, giving it a market value of $102.4 billion. By contrast, the largest IPO of an Internet company to date was that of the search-engine company Google Inc. , which had raised $1.9 billion when it went public in 2004.
The Evolution of Facebook. Facebook quickly grew from a site run from a Harvard dorm room into the Web’s largest social network. Site Goes Live Facebook is founded as TheFacebook.com by Mark...