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Meta Platforms, Inc. Meta Platforms, Inc., [10] doing business as Meta, [11] and formerly named Facebook, Inc., and TheFacebook, Inc., [12] [13] is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. [14]
Some investors even suggested a $40 valuation, although a dip in the stock market on the day before the IPO ended such speculation. Strong demand, especially from retail investors, suggested Facebook could choose a relatively high offering price. Ultimately underwriters settled on a price of $38 per share, at the top of its target range.
t. e. Meta Platforms (formerly Facebook, Inc.) is a technology company that has acquired 91 other companies, including WhatsApp. The WhatsApp acquisition closed at a steep $16 billion; more than $40 per user of the platform. Meta also purchased the defunct company ConnectU in a court settlement and acquired intellectual property formerly held ...
Pumkinpie/Alamy Facebook (FB) doubled its profit to $802 million in the third quarter, while revenue rose 59 percent to $3.2 billion, on persistent gains in mobile advertising. But expenses from ...
The estimate cut appears to have influenced the investment decisions of at least some institutional investors, dampening their appetite for Facebook stock, and crucially, affecting the price at ...
Facebook (NAS: FB) shares fell nearly 10% yesterday and are now down 33% from their highs on IPO day two weeks ago. Some are blaming the Morgan Stanley (NYS: MS) bankers who took the company ...
Mark Zuckerberg in 2005. Facebook is a social networking service originally launched as TheFacebook on February 4, 2004, before changing its name to simply Facebook in August 2005. [1] It was founded by Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. [2]
Investor relations (IR) is a "strategic management responsibility that is capable of integrating finance, communication, marketing and securities law compliance to enable the most effective two-way communication between a company, the financial community, and other constituencies, which ultimately contributes to a company's securities achieving fair valuation."