FIN 3717 Chapter : FIN 3717 Facebook IPO Exec Summary
Document Summary
Kayla walter, jacob holt, trent bruchhaus, patrick vinson. Facebook was founded in a harvard dorm room by mark zuckerburg and his four college roommates. Facebook filed for an initial public offering on february 1, 2012. Trading on the stock began on may 18, 2012. Trading on facebook stock was delayed due to technical problems with the nasdaq exchange. The stock struggled to stay above ipo price for most of the day, forcing underwriters to buy back shares. Saverin, andrew mccollum, dustin moskovitz, and chris hughes. Facemash which was a hot or not game for harvard students to participate in only. Zuckerburg then wrote the code for a new website, called thefacebook which eventually became known as facebook. Facebook recognized revenues of . 81 billion for quarter two of 2013. Facebook"s business is advertising, and the rest comes from payments and other fees. Facebook has about 1. 15 billion monthly users and counting. Facebook held its ipo on may 18, 2012.
