The ten years since the IPO of Facebook. Will the network exist ten years from now?
ten years ago the Facebook made its IPO and debuted in Nasdaq worth 100 billion dollars, registering the biggest launch among technology companies. On September 10 of last year, Facebook reached its peak with the stock quoted at 378 dollars and the company worth more than 1 trillion dollars. In the last few months, things have taken a turn for the worse. The company changed its name to Meta, lost users for the first time and stocks plummeted nearly 50%.
Investors are questioning whether Facebook will exist ten years from now and the bet on the metaverse will pay off. Cash to invest in the new business, the company has. That’s 30 billion dollars, an enviable liquidity cushion. And those who bet on Facebook back in 2012 can’t complain since at that time the shares appreciated by 430%. What hasn’t really changed at Facebook is its CEO. Mark Zuckerberg remains in the post.