10 years after Facebook’s record-breaking IPO, a sense of déjà vu
May 18, 2022 at 15:44 PM EDT
After a record-breaking initial public offering, Facebook Inc. shares plunged more than 30% in their first year before a Wall Street rise that made that freshman year seem like an anomaly. In its first year under the new name of Meta Platforms Inc., however, Facebook performed even worse.