As for Mark Zuckerberg, he finally got that Harvard degree when he went back to speak at the school’s 2017 commencement.
Facebook was growing like crazy, and by December of that year reached one million users. But it would still be another eight years before Facebook’s high-profile acquisition of Instagram and its initial public offering (IPO).
Facebook’s stock price wouldn’t turn green again until December 2013, over a year after it first hit public markets, hitting $55.12 per share with a $140 billion market cap.
Finally, after years of resistance, Facebook passed the 500 shareholder threshold, forcing it to go public. On February 1, 2012, Facebook officially filed its S1 documents with the SEC. That prospectus said the network had 845 million monthly active users. Facebook stock was to become a reality.
Long before Facebook went public and being could buy Facebook stock in one of the highest-profile public offerings of all time, it was a tiny, private social-network run out of Mark Zuckerberg`s Harvard dorm room. There was no suggestion it could ever even have a stock price.
The first version of Facebook launched in February 2004 as a Harvard-only social network. Two months later, Zuckerberg, Dustin Moskovitz, and Eduardo Severin form the first LLC that would become today’s Facebook.
Speculation about the financial impacts of the move was immediate and plentiful, but despite the stock move, most Wall Street analysts agreed it will ultimately be good for the company. ...
In late 2017, Facebook stock price was trading on the verge of $170 per share, giving the company a market value of almost $500 billion.
Facebook shares hit the Nasdaq exchange on May 18, 2012, but the day was marred by a number of technical glitches. Facebook stock price shot up as high as $45 before tumbling to close at $38.23, only 23 cents above the original asking stock price and $3.82 below its opening stock price, giving it a market cap of $90 billion.
Quarter after quarter, Facebook’s stock price continued to climb with few massive jumps in either direction, negative or positive. Though Facebook stock did suffer a slight stock price loss in late 2016 when news broke that Facebook may have misled companies with incorrect advertising metrics.
By the end of the first week of trading, Facebook’s stock price had dropped to $26.81.
Facebook’s stock price would get another big boost in February 2014, when the company announced it would purchase WhatsApp. Shares of Facebook closed at $68.06.
During the company’s roadshow hawking its soon-to-be-public stock and potential Facebook stock price to would-be investors, Facebook’s valuation kept climbing. Two days before the IPO, Facebook said it would add 25% more shares to the IPO. Everyone was guessing how high Facebook stock would go.
Facebook said on Thursday it would be adjusting its primary newsfeed to focus more on content from friends instead of publishers, a decision that wiped close to $25 billion off the company's market capitalization on Friday.
The Social Network, a 2010 movie by David Finches, would help cement Facebook’s place in modern culture. By that time, Facebook was already valued over $11 billion, with investments from Microsoft, Peter Thief, and Goldman Sachs — yet it still wasn’t public.