On May 18, 2012, Facebook became a publicly traded company. Facebook’s stock has had some definite peaks and valleys since then. The value of the company has yet to reach its opening mark of $38 per share, settling in the $26-$28 neighborhood. MarketWatch compiled a timeline of Facebook’s year after the initial public offering.
Has Facebook done enough to become a viable advertising vessel? We’ll find out Wednesday, when the company presents its fourth-quarter earnings report. Already, Sterne Agee is standing by its buy rating for Facebook by predicting that Wednesday’s call will be a positive one.
The stock value of Google plummeted after its preliminary third-quarter report showed that income dipped 20 percent while costs rose. This news sent a ripple effect throughout other Web giants on Wall Street, as the share prices of Facebook and Yahoo fell Thursday, as well.