Analyzing Facebook Stock Trends: A Live Chart Exploration

Meta Platforms Inc, formerly known as Facebook, is one of the largest technology companies in the world. The platform has been specified in the normalised universe including semantics.Founded in 2004, Facebook’s revolution in the way people interact, share and communicate has set the pace over the years. Its evolution from a private to a publicly traded company has been characterized by tremendous milestones and financial performances that have kept the investors interested.

Facebook’s IPO happened on 18 May 2012, at a price of $38 per share. The offering raised $16 billion dollars, the then second-biggest tech IPO ever. Initially, there were difficulty on the Nasdaq exchange, where the IPO was dispatched, and greater critics. Would Facebook’s business model flourish? Certainly it would. There’s no denying Mark Zuckerberg’s savvy. He translated his abilities as an entrepreneur into a partnership with Goldman Sachs to scrape the bottom of investors’ pockets. He bought Instagram, WhatsApp and others for tens of billions of dollars. Further, he cleverly diversified Facebook’s revenue via mobile advertising.

Facebook has been continually profitable since listing its shares on the Nasdaq exchange. In 2012, the company’s annual revenue was $5 billion. As of 15 December 2021, it was over $117 billion. Its increasingly large billing is the primary reason why shares of FB have shown not just an upward trend, but explosive growth over the years. On 31 October 2021, the company announced a name change to Meta Platforms and a new ticker symbol of META. This is as a result of its decision to create not just one new product, but an entirely new technology-led dimension in human existence: the metaverse.

Facebook’s stock price is affected by news and events; for example, in 2018, after the Cambridge Analytica scandal was revealed, the company’s stock price dipped nearly 20 per cent. When Facebook announces a new product, or reports good news about its profits (so-called ‘upbeat’ earnings reports), the stock price is affected, as will be new laws and regulations about how we can use personal data held by entities such as Facebook.

Compared with many of its key rivals in the big-tech sector – including Apple, Google (Alphabet) and Amazon – Facebook’s stock has performed exceedingly well. Indeed, Facebook has joined Apple and Amazon in a feat of exponential stock growth. A comparison with Google, a different set of user generation, UI design and infrastructure building characteristics, is perhaps more instructive; to a large degree, this is largely due to the fact that Google’s firm is more diversified – its activities extend well beyond the sphere of social networking or digital advertising, encompassing search engines, cloud computing and software or hardware development. But all these tech giants end up roughly co-moving on a shock-by-shock basis due to their shared vulnerability to the same market conditions and technological trends.

Since its initial public offering (IPO) back in 2012, Facebook, now known as Meta Platforms Inc (Facebook), has been an incredible public trading story, especially for fans of aggressive, disruptive tech. Their recent travails beyond the IPO, including establishing the company as a continental social-media leader and delving into new arenas like the metaverse, have mostly been wildly profitable. Their stock price has consistently bounced back from outside news and events, even if it dips in the midst. They continue to be a formidable tech stock.