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Understanding the POWER of SOCIAL MEDIA 🫡 #Facebook
Key details of the launch:
•IPO Price: $38 per share.
•Valuation: The $104 billion valuation made it one of the largest IPOs in U.S. history at the time, exceeding the valuation of established companies like Amazon and Disney at their respective debuts.
•First Day Performance: Despite high expectations, the stock closed its first day of trading at $38.23, barely above its IPO price, after technical issues and intense volatility.
•Initial Trend: The stock subsequently fell, losing nearly 50% of its value in the months following the IPO before eventually recovering. 
•Wikipedia +3
As of February 2026, the company (now Meta) has a market capitalization of roughly $1.5 trillion to $1.65 trillion.