Fb Google Finance shows Facebook stocks and how its traded on the NASDAQ stock exchange platform. Facebook, Inc is an American technology conglomerate that is headquartered in Menlo Park, California. Facebook was founded by Mark Zuckerberg in 2004.
Fb is focused on building products that enhance connectivity and sharing of content via mobile devices including computers, tablets, and mobile devices
Over the years, moved from just a social media platform to being counted among giants in the technology industry. Also, competing with other companies in value and market capitalization like Amazon (AMZN), Alphabet’s Google (GOOGL), Microsoft (MSFT). Read on to get more information on Fb Google Finance.
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Fb Google Finance platform is a platform that FB shares are thriving on the stock exchange. Facebook belongs to NASDAQ 100, S&P 100, and S&P 500 indices. However, from its inception, the company has expanded its tentacles and acquired other companies like Instagram, WhatsApp. Facebook has diversified its business portfolio and expanded its market visibility across the globe.
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Facebook has expanded and acquired companies such as Friend Feed in 2009, Onavo in 2013, Instagram in 2012, Divvy shot and Octazen Solution in 2010, WhatsApp 2014, Oculus VR in 2014, Wit.ai in 2015, Dream bit in 2018, and Beat Games in 2019.
Furthermore, Facebook over the years has grown to be one of the leading and popular social media networking services companies. Facebook products ate very unique with millions of users across the world.
Facebook only alone has over 2 million users, WhatsApp app has over 1.6 million users too. Facebook Messenger thrives with over 1.3 billion active users, all rendering active communication connectivity to users across the world.
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Facebook filed for an initial public offering on February 1, 2012, by filing their S1 document with the Securities and Exchange Commission (SEC) as reported by Wikipedia here. By then Facebook already had 845 million active users monthly and the website had received 2.7 billion daily likes and comments.
The company’s initial public relations offering was to raise $5 billion. Also, underwriters evaluate “Facebook shares at $38 each, showing the business at $104 billion valuations. However, on May 18, 25012 Fb stock started trading on the NASDAQ Stock Exchange platform, the first market day ended at $38.23 per share.
The company raised in total over $16 billion, which made him the largest technology IPO in US history at that time. They became ahead of AT&T Wireless and behind only General Motors and Visa Inc.
Also, FB shares over the years after its initial offering has some downside moments. After a few months, FB experiences a low record of $17.55. But afterward, they spring back in the third quarter of 2013, retracing back and generating a high-volume breakout that brought about more interest in buying their shares.
In July 2018, Fb stock was valued at $217.50, then arose the issue of data privacy and the Cambridge Analytica scandal. The impact of these issues brought about a setback for Facebook’s stock price. Investors were hit with great sentiment making the share price fall low to $176.26 by July end.
However, since then after dropping low on December 24, 2018, FB has finally so far recovered and has been thriving stronger. 2019, they had a clocking stock on trading at $205.25. January 2020, the Facebook share price reached a new record at $223.23.
Now in May 2021, the Facebook stock is still driving higher at $3318.61. See more on Fb Google Finance here.
