Facebook has become the biggest technology IPO in US history. The flotation was done on Nasdaq - with 80 million shares being traded in 30 seconds. It's opening price at $38 a share resulted in a valuation of $100bn. On Monday, it's first day of trading, the stock closed almost $4 below the IPO price, and fell again Tuesday.
Pre-IPO Facebook paid over $1bn for photo-sharing program Instagram.
Facebook was a loss-making business until 2009, when revenues reached $229m mainly from advertising.
Pre-IPO Facebook paid over $1bn for photo-sharing program Instagram.
Facebook was a loss-making business until 2009, when revenues reached $229m mainly from advertising.
