Everybody is talking about the event that created a huge buzz around the tech world. The world’s largest social network launched its initial public offering (IPO) on May 18, which turned out to be the biggest stock market debut ever by an Internet-based company.
Facebook (NASDAQ: FB) IPO has started with issuing 421 million shares at the opening price of $38 per share, bringing the the total value of the issued stocks to almost $160 billion.
Facebook is not only the largest online social network, it is also the world’s second most visited website. It has seen amazing growth in eight years, gaining over 900 million active users as of today. As more people around the globe get internet access, it should become even more of a global platform.
Consider this – Facebook’s operating profit margin of 43 percent over the past 12 months bested Google's, even though the social network has turned on its advertising business only recently. As its advertising model continues to develop, the company is set to grow for years to come. We at Admiral Markets believe in Facebook’s unlimited potential and invite you to capitalize on it!
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