The Growth Of Facebook And Its NASDAQ FB Values
For years, many social media platforms have come up, but none has the potential to beat Facebook. Facebook was started by Mark Zuckerberg along with his roommates at Harvard College. It was originally termed to be “TheFacebook.com”. It is one of the most valuable companies and is considered in the Big Five companies along with Apple, Google, Microsoft, and Amazon. It comes with various features like Facebook Messenger, Facebook Store, Facebook watch, Facebook Portals. Recently, it has even bought a 9.9% stake in Jio Platforms. Facebook marketing exchange, NASDAQ FB at https://www.webull.com/quote/nasdaq-fb saw a tremendous rise when it acquired WhatsApp and Instagram, the two major platforms of the digital world. It has also acquired Giphy and Oculus.
More About Facebook
Facebook filed for an initial public offering documenting to raise $5 billion, after which Mark Zuckerberg would own a 22% stake in the company. It claimed to have 845 million active users and 2.7 billion daily likes and comments. A day before the IPO, Facebook announced that it would sell 25% of its stake and thus gathering a record $16 billion in the IPO. The total valuation is said to be the third-largest in US history. Facebook ranked 76th in the Fortune 500 list in revenue of the United States. All these aspects helped a lot when Facebook registered in the US NASDAQ under the name NASDAQ FB.
Fascinating facts about Facebook
- During the initial days of Facebook, Al Pacino was featured on the Facebook Banner, then known as “The Facebook Guy.”
- One of the earliest functions of Facebook was file sharing.
- The first “Work networks” created on Facebook were of Apple and Microsoft.
- A Facebook employee’s hoodie was sold for $4000 on eBay.
The NASDAQ Aspects Of Facebook
There are certain factors that every investor considers before investing in any company. These factors are very essential as it gives the current valuation and for how long the company has been in the growth process. Many NASDAQ FB features are considered before investing. These are;
- Exchange – NASDAQ-GS
- Sector – Technology
- Industry – Computer Software: Programming, Data Processing.
- Yearly Target – $245.
- Share Volume – $9,248,337
- Average Volume – 25,771,359
- Yearly high/low – $245.19/$137.10
- Market Cap – 626,047,713,626
- P/E Ratio – 30.1
- Earnings per share (EPS) – $7.3
These are the factors that are considered before investing or buying stocks for any company.
Facebook has always been in the limelight because of its reputation as the best social media platform. After it acquired WhatsApp and Instagram, it grew even larger and wider among the teenage group. Its growth has been exceptional and also exponential ever since its inception and deems to remain so for quite a while now. No sooner had facebook registered to be NASDAQ FB than its revenues and market caps surged. It is an impeccable example of an ideal social media company. You can check more stock information at after hours market. Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.