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Latest Facebook Items
Facebook's stock is sinking nearly 7 percent, falling below the $38 IPO price, in the social network's second day of trading as a public company Monday.
Key developments in the eight years since Facebook Inc.'s creation:
Mark Zuckerberg is selling 30.2 million shares as part of Facebook Inc.'s initial public offering of stock. With shares priced at $38 each, he's receiving $1.15 billion.
Growth in the number of active users at Facebook, defined as someone who logs on at least once a month:
To CEO Mark Zuckerberg, Facebook has a social mission to make the world more open and connected. He made the company's thinking known in its regulatory filing for an initial public offering of stock. In a letter to potential investors, Zuckerberg also discussed Facebook Inc.'s approach to culture and management:
Facebook is about to find out just how much status updates, puppy photos and billions of "likes" are worth on Wall Street.
Facebook CEO Mark Zuckerberg outlined five core values for Facebook in a letter to potential investors. The letter appeared in regulatory filings that Facebook Inc. first submitted in February for its initial public offering of stock.
The lukewarm response to Facebook Inc.'s initial public offering sent shares of other social-media companies tumbling Friday.
Facebook Inc. sold 180 million of its shares in its initial public stock offering. Another 241.2 million came from existing stockholders, including the company's earliest investors and CEO Mark Zuckerberg.