Coinspeaker
Facebook Rewarded Investors With Over 400% Returns Since Its IPO in 2012

It just over 7 years that social media giant Facebook decided to conduct an IPO. Since then, Facebook (FB) stock has been one of the favorite picks for investors looking for handsome returns.

If we look at the Facebook stock price chart since May 2012, we can see a steady rise with minor swings until July 2018. It was in July last year when the Cambridge Analytica scandal broke out showing Facebook’s alleged breach of data and user privacy. The FB stock took a massive hammering losing 33% of its value just in five months of time frame. From July 2018 to November 2018, the FB stock collapsed from above $200 levels to $130.

However, the stock changed its trajectory earlier this year and is back to making a steady move northwards. Facebook has recovered almost it last year losses and is currently trading at $189.40 on Monday closing. Such a stock performance clearly shows strength and resilience towards external headwinds.

As we can see from its lifetime chart, the FB stock has given investors steady returns since its IPO in May 2012. If someone had invested $1000 in Facebook on May 18, 2012, the day it went public, he/she would have $4900 as per the price on Monday, October 28, 2019.

This shows that in the last seven and a half years, the Facebook stock has given nearly 500% returns to investors. Over the last seven years, Facebook took some bold decisions which have ensured the company’s growth consistently. The two major acquisitions – Instagram in 2012 and WhatsApp in 2014 – have cemented Facebook’s strong position in the tech space.

However, the company has been facing a rough patch over the last year. Currently, the social media mogul is embroiled in controversies associated with privacy concerns and user data.

Besides, the fate of its native cryptocurrency project Libra is hanging in uncertainty. Last week, company CEO Mark Zuckerberg testified before the U.S. Congress answering their concerns about Libra’s impact on the financial stability of the United States. While the lawmakers have been trying hard to bring down the Libra Project, Facebook has still kept its hope alive. However, Zuckerberg assured that the company won’t proceed ahead with Libra launch unless it gets absolute clearance.

On the other hand, Facebook is also working out ways to handle misinformation and the spread of fake news. The company recently launched a separate news tab in partnership with new sources to ensure the spread of genuine news on its platform.

Facebook will release its Q3 results tomorrow on October 30. Analysts are expecting some correction amidst higher costs. However, another report from CNBC shows that the Wall Street is bullish on Facebook, expecting it to surge higher. It is advised that one must conduct thorough research before investing in these companies.

Facebook Rewarded Investors With Over 400% Returns Since Its IPO in 2012

Similar to Notcoin - Blum - Airdrops In 2024

origin »

141 +