![]() The share price of Meta has quadrupled since its IPO, the Meta share was trading at $42.05 on and as of the end of trading on, the stock traded at $201. The company is thus stepping towards building the metaverse, an open virtual world application. Meta has worked on developing its Oculus VR headsets, AR glasses, and virtual-augmented reality technology. ![]() Since then, Meta has invested heavily in augmented reality and virtual reality. Its stock was trading around 100, or less than a third of that price, on Thursday after a post. Facebook made one of the largest tech acquisitions in US history by acquiring WhatsApp for $19.6 billion in 2014.įacebook has renamed itself Meta Platforms in October 2021. Meta spent about 45 billion buying back 136 million shares last year, paying around 330 a pop. Over the past decade, the share price of Facebook has largely grown only to be periodically rocked by multiple data privacy issues, data breaches, and run-ins with the federal authorities over unethical practices.įacebook, since its IPO has acquired a plethora of tech companies to boost and diversify its business. ![]() By the end of the debut day, the session ended at $38.23 a share. The social media company was thus valued at over $100 billion and managed to raise $16 billion by selling those initial shares, making it the largest tech IPO in US history. After four months, on, Facebook's made its stock market debut, the initial public offering of 421.23 million shares was priced at $38 a share, and the first trade was made at $42.05 per share, a gain of nearly 11%. On 1 February 2012, Facebook filed for an initial public offering with the Securities and Exchange Commission (SEC). ![]()
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