Initial public offering of Facebook

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The Initial Public Offering (IPO) of Facebook[1] is the primary subject of this passage. An IPO, often called “going public,” is when a privately held corporation first makes its shares available to the public. Facebook’s IPO, which occurred in 2012, was a major business event. The company aimed to raise $5 billion, with a post-IPO valuation targeted between $77-96 billion. However, Facebook’s share price struggled to remain above the IPO price. The IPO was tainted by a series of controversies, including lawsuits and regulatory probes, which significantly tarnished the reputations of those involved. The IPO also led to heightened scrutiny of financial institutions and ongoing legal disputes.

Terms definitions
1. Facebook ( Facebook ) Meta Platforms, previously known as Facebook, is a prominent internet corporation that originated as a social networking site. The brainchild of Mark Zuckerberg in 2004, Meta Platforms swiftly spread from Harvard to other educational institutions, eventually reaching the wider public and becoming a global sensation. Its appealing user interface and diverse features such as Groups, the Developer Platform, and Meta Platforms Dating are well-known. Despite encountering backlash over matters like privacy violations and the proliferation of misinformation, Meta Platforms continues to hold a strong position in the digital sphere. It has made remarkable progress in the realm of technology, including the creation of its distinctive data storage system, the employment of PHP for its platform, and the introduction of the Hack programming language. In the past few years, the company has pivoted its attention towards the metaverse, a virtual reality domain where users can engage with a digitally-created environment.

The technology company Facebook, Inc., held its initial public offering (IPO) on Friday, May 18, 2012. The IPO was one of the biggest in technology and Internet history, with a peak market capitalization of over $104 billion.

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