Facebook Hasn't Changed Much (Except for the Name) [TheStreet.com]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: TheStreet.com
Do you remember where you were on May 18, 2012?Barack Obama was in the White House back then and on that day he was meeting with then-French President Francois Hollande for the first time ahead of the G8 Summit, which was starting that evening at Camp David.Meanwhile, nearly 3,000 miles away in Menlo Park, Calif., a young man named Mark Zuckerberg rang a bell.The self-taught computer programmer--describedby ABC News(FBGet Meta Platforms Inc. Class A Report"The first day of trading for FB had a delayed opening because Nasdaq’s systems were overwhelmed by the buy orders that high-frequency traders kept submitting and cancelling," saidJay Ritter"Then there was an additional glitch in which some investors were not notified in a timely manner that their orders had been executed, so they bought more shares than they wanted to."Facebook had an offer price of $38.00 and closed at $38.23 on the first day of trading, Ritter said.The stock price then dropped to below $19 over the next six months
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