February 1, 2012: Facebook Announces IPO
apple, assets, bartz, carl ichan, ceo, common stock, Facebook, forefront, integrated circuit, Mark Zuckerberg, Microsoft, microsoft bids, mike sheridan, patents, patrick naughton, Public IPO, speculation, texas instruments, The Social Network, time microsoft, typewriter, world wide web, Yahoo
0 Comments
Subscribe! Apple Podcasts | Google Podcasts | Stitcher | RSS | More
2012 – Facebook’s Mark Zuckerberg announced the company will be filing for Public IPO. The company will be looking for 5 billion dollars for the social network. Zuckerberg wrote in a letter to potential investors:
We think it’s important that everyone who invests in Facebook understands what this mission means to us, how we make decisions and why we do the things we do. I will try to outline our approach in this letter.
Trading began on May 18, 2012 at $38 and whereas the company was expecting a higher price, the stock closed at $38.23. The following day the stock fell even more. This made it one of the worst stock offerings of the time.
Eventually the stock started bouncing back. Today, it is worth around $76/share (at the time of writing this post)
Wikazine – Full show notes for February 1
Subcribe to Day In Tech History:
RSS Feed - iTunes - Google Play - Spotify
Twitter - Facebook
- RSS Bandwidth by Cachefly Get a 14 Day Trial
Be a Part of the Sconnie Geek Nation!
In Wisconsin, friends are called "Sconnies". Even if you're not from Wisconsin, you can be part of the Sconnie Geek Nation through my coverage! By pledging, you join the Geek Sconnie Nation! Plus, you help me cover costs so I can continue the coverage of Gadget tech, music tech, and geek culture through the shows.
- Texas Instruments Patents the integrated circuit
- Patrick Naughton, Mike Sheridan and James Gosling begin devolpment of Java
- Mike Scott states that Apple is Typewriter Free
- Microsoft bids for Yahoo!