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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’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.
Of 44 analysts covering Facebook in February, 17 rate the stock a “strong buy” and 24 rate it a “buy,” according to Yahoo Finance.
Have you ever wondered how to buy Facebook stock? Whether you're psyched for the Metaverse or just want to invest in the biggest social media platform, buying stock in Meta (Facebook's parent ...
The stock price left the company with a higher market capitalization than all but a few U.S. corporations—surpassing heavyweights such as Amazon, McDonald's, Disney, and Kraft Foods —and made Zuckerberg's stock worth $19 billion.
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.
The Consumer Price Index (CPI) showed prices ticked up slightly at 0.1% over last month and 3.1% over the prior year in November, as Yahoo Finance's Alexandra Canal reported.
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