Skip to main content
  1. News
  2. Politics
  3. Government

Facebook hits high note on stock market

See also

On May 18, 2012 Facebook offered its IPO or initial public offering at $38 a share, it closed out January 31, 2014 at $62.57.

Thousands held skeptic views early on toward the value of the social media on the stock market, sometimes with good reason. In August 2012, the stock fell slightly under $20 a share.

Currently, Facebook says it has 1.23 billion users per month, with market capitalization of $136 billion generated from brokers, ad sales, mobile and smart phone formats.

In October 2013, Facebook indicated a daily decline in teenage usage, but it still poses a significant threat to traditional TV due to its video ads format. It also purchased Instagram in April 2012, offsetting the loss of younger teens to Snapchat or WhatsApp.

Facebook has been instrumental in the recent surge on the stock exchange before the sell off jitters over China's slowing economic growth.

Advertisement

News

  • Mt. Everest avalanche
    Disaster strikes Mt. Everest as at least 12 people were killed in an avalanche
    Video
    Watch Video
  • Most Earthlike planet discovered
    The Kepler telescope has discovered the most Earthlike, possibly habitable planet yet
    Space News
  • Easter crosses create debate
    Easter crosses spark a debate of separation of church and state in Ohio
    Headlines
  • Chelsea Clinton is preggers
    Former first daughter Chelsea Clinton is pregnant with her first child
    Headlines
  • Stanley Cup playoffs
    The battle for Lord Stanley's Cup is on, don't miss a minute of playoff action
    Sports
  • Ukraine discussed amongst U.S., E.U., Russia
    The U.S., E.U. and Russia agree on ways to diffuse the tension in Ukraine
    Video
    Watch Video

User login

Log in
Sign in with your email and password. Or reset your password.
Write for us
Interested in becoming an Examiner and sharing your experience and passion? We're always looking for quality writers. Find out more about Examiner.com and apply today!