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The stock increased modestly in coming days, and Facebook closed its first full week of trading at $31.91. [41] The stock returned to losses for most of its second full week, and had lost over a quarter of its starting value by the end of May. This led the Wall Street Journal to call the IPO a "fiasco."
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]
Facebook announces that it is acquiring the Sequoia Capital-backed multi-platform mobile messaging app WhatsApp for US$16 billion ($4 billion in cash, $12 billion in Facebook shares) plus an additional $3 billion in restricted stock units to be granted to WhatsApp’s founders and employees that will vest over four years subsequent to closing.
The stock could climb as much as 50% if the stock's P/E closes some of that gap. Analysts expect Meta's earnings to grow at an annualized rate of 17% over the long term, which justifies a higher P/E.
What the Analysts Say. Of 44 analysts covering Facebook in February, 17 rate the stock a “strong buy” and 24 rate it a “buy,” according to Yahoo Finance. That’s down from January 2021 ...
After taking some major heat both in terms of headlines and in its stock price in 2018, Facebook (NASDAQ:FB) so far in 2019 is higher by 29% already. Through the lens of near-term technical ...
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