Facebook (Meta) had one of the largest and most anticipated IPOs in history on May 18, 2012, but it failed to meet expectations. A NASDAQ glitch cost investors.
Shares of Facebook and Instagram parent Meta Platforms traded near their lows for the day after the company told employees it plans to cut 5% of its workers in performance-based job cuts in the U.S.
Today it remains by far the world's biggest social network. If you had the foresight to buy Facebookstock on its IPO launch 12 years ago and hold on, today you would enjoy fantastic gains of more ...