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  2. Initial public offering of Facebook - Wikipedia

    en.wikipedia.org/wiki/Initial_public_offering_of...

    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]

  3. Meta Platforms - Wikipedia

    en.wikipedia.org/wiki/Meta_Platforms

    In May 2020, Facebook, Inc. announced it had acquired Giphy for a reported cash price of $400 million. It will be integrated with the Instagram team. [ 122 ] However, in August 2021, UK's Competition and Markets Authority (CMA) stated that Facebook, Inc. might have to sell Giphy, after an investigation found that the deal between the two ...

  4. History of Facebook - Wikipedia

    en.wikipedia.org/wiki/History_of_Facebook

    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 ...

  5. Initial public offering - Wikipedia

    en.wikipedia.org/wiki/Initial_public_offering

    Underwritten by Bear Stearns on 13 November 1998, the IPO was priced at $9 per share. The share price quickly increased 1,000% on the opening day of trading, to a high of $97. Selling pressure from institutional flipping eventually drove the stock back down, and it closed the day at $63.

  6. Facebook - Wikipedia

    en.wikipedia.org/wiki/Facebook

    Microsoft announced that it had purchased a 1.6% share of Facebook for $240 million ($353 million in 2023 dollars [29]), giving Facebook an implied value of around $15 billion ($22 billion in 2023 dollars [29]). Facebook focused on generating revenue through targeted advertising based on user data, a model that drove its rapid financial growth.

  7. Stock - Wikipedia

    en.wikipedia.org/wiki/Stock

    The demand is the number of shares investors wish to buy at exactly that same time. The price of the stock moves in order to achieve and maintain equilibrium. The product of this instantaneous price and the float at any one time is the market capitalization of the entity offering the equity at that point in time.