Best of 2012 // #15: Facebook’s Failed IPO

Facebook Logo in front of stock charts and prices
Facebook Logo in front of stock charts and prices

The most hotly anticipated and exciting IPOs of the year, Facebook, finally went public in 2012.  With the largest IPO for a tech company in history, everyone’s favourite social media site entered the game, valued at $104 Billion USD, before snapping up photo-sharing giant Instagram.

Read More // Germany Orders Facebook to Allow Fake Names

2012: The year Facebook went public

Facebook's IPO 2012 Chart
Fb’s Stock Price after its IPO

After lots of problems and botched IPO,the stock went public

and plummeted by $38/share.

After the NASDAQ admitted to a technical glitch on opening day and Morgan Stanley was fined for influencing share sales, the stock hit a low of $17.55 in early September.  After outrage over privacy changes and its effects over Instagram, the social media giant has yet to recover.

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