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Meta Platforms. 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]
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]
What Facebook Is Worth. Facebook’s Share Price, 52-Week Range ... giving you a sense of what value investors are placing on the company based on the price it is trading at. Facebook’s market ...
For the third quarter, Meta saw earnings per share (EPS) of $6.03 on revenue of $40.5 billion. Wall Street was expecting EPS of $5.25 on revenue of $40.2 billion, according to analyst estimates ...
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.
Its entire family of apps (Facebook, Messenger, Instagram, and WhatsApp) served 3.29 billion daily active people (DAP) in the third quarter. ... Analysts expect Meta's earnings per share to grow ...
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This is how Facebook and Instagram were built, and the company eventually was able to monetize its huge user bases through advertising to create the $1.5 trillion social media giant it is today.