Facebook Stock Price
Facebook (FB) Stock Price
If you've read any news article about technology over the past several years, or lately, even politics, you've definitely heard of Facebook. This social media company started off as a small idea that was created by Mark Zuckerberg and friends at Harvard. The site was launched in 2004 to Harvard students and was later rolled out to other higher education students throughout the United States and eventually the world.
As of January 2018, Facebook had 2.2 billion active monthly users. It's become a go-to means of communication, sharing news, and connecting with old friends and family members whom you may have lost touch with.
In 2018, Facebook was considered the fifth largest company in the world, just under tech titans Apple, Alphabet, Amazon, and Microsoft, respectively.
FB Stock Price History
In 2012, Facebook held its Initial Public Offering or IPO. The company was valued at $109 billion.
The May 18, 2012 IPO started selling shares at $38 per share. Through their IPO, Facebook raised $16 billion, making it the largest technology IPO in the history of the United States.
Though the IPO garnered a lot of attention and interest, the FB stock price took a dive in September of 2012. Facebook chugged along until 2013, never regaining its IPO price.
In 2013, the company released earning reports that exceeded investors' expectations. Since July 31, 2013, Facebook has traded at an upward trend. That is, until 2018.
FB Stock Price Today
For many years, Facebook seemed like the company that could do no wrong. Users loved it. Investors loved it. Generally, everyone was a big fan.
The Facebook market cap hit an all-time high in July of 2018 at $601.9 billion. By the end of 2018, the market capitalization had fallen to $384.2 billion. 2018 was a rough year for Facebook, as well as investors in Facebook stock.
The company suffered in 2018 due to concern about slowing growth, executive departures, rising interest rates, and user privacy concerns over data breaches and sharing of data.
With these concerns, many investors fled and Facebook lost 15% of its value. With a mixed Q3 report, Facebook was able to relieve some of those fears.
Though Facebook showed some growth over 2018, it was the slowest growth rate since the company's IPO in 2012. Earnings per share rose 11% to $1.46, which outstripped the estimates by $0.30.
FB Stock Price In The Future
Though there was volatility in the FB stock price in 2018, the company has proven itself as one that's willing to work with lawmakers and protect user's privacy by making some of its data private. Mark Zuckerberg appeared before the U.S. Congress in 2018 to discuss big data and data security at Facebook.
Though recent times have been troublesome, investors can rely on this golden company to continue to perform well and work towards success. While Facebook is a large company, it also invests heavily in smaller, new technology inventions and strives to remain nimble enough to pivot as times change.
If you're interested in the FB stock price, you might also be interested in stock from another technology company. If you're looking at the list of the largest companies in the world, just below Facebook you'll find Alibaba. Consider investing in BABA stock if you're interested in the FB stock price and what something comparable.