Social networks connect people around the world. They bring us closer. Regardless of distance, age, place or gender, there is a place for everyone.
Despite difficulties, one of the world’s top social media platforms – Facebook – remains the major stock market player, attracting trading attention year-by-year. Let’s take a closer look at the company’s performance and see what 2019 may bring us.
One of the world’s most widely-used social networks, Facebook boasts 1.49 billion daily active users, as of September 2018. Just imagine this crowd!
Facebook claims that its mission is to provide people with power to build communities and bring the world closer together.
Founded in 2004 by Mark Zuckerberg and his fellow friends from Harvard, Facebook has created an entire network of products. Today, the company owns and operates several popular brands, including Instagram, Messenger, WhatsApp and Oculus.
In 2012, eight years after it its creation, Facebook went public at $38 per share. One of the biggest technological IPOs of all time eventually brought the company $16 billion.
An overview of some of Facebook’s milestone dates:
Facebook biggest milestones
Facebook is founded in Cambridge, Massachusetts
Facebook introduces its photo feature with unlimited storage capacity
The company expands its platform from college and high school students to everyone older than 13 with a valid email address
The company introduces its mobile supported version – m.facebook.com
Facebook launches its credits feature, which allows users to pay for gifts for their friends
Facebook enables “liking” of other people comments
The company releases Messenger for iOS and Android platforms
Facebook buys Instagram for $1 billion
Facebook undergoes IPO at $38 per share. The company is valued at $104 billion.
The company launches ‘hashtag’ support
Facebook acquires Oculus VR, the leading virtual reality technology company
Facebook acquires WhatsApp
Facebook reaches 1 billion active daily users
The company launches the Facebook live streaming service for iPhone users
Facebook launches Messenger Lite in 100+ countries
Facebook acquires Confirm.io startup, which specialises on biometric ID verification
Facebook stock history: 2018 – the year of all-time highs and lows
2018 has been a very controversial year for Facebook (NASDAQ: FB) stock price history. Despite the fact that the company’s share price reached its all-time high of $217.5 in July, it has been heavily falling since then.
Concerns, mostly driven by data privacy issues and the Cambridge Analytica scandal, had a severe impact on the Facebook share price. It hit investor sentiment, with shares sliding by more than 24% in March 2018.
On July 2018, Facebook became the first company to lose more than $100 billion worth of stock in a single day. It fell from $630 to $510 billion, a 19% loss, as a result of a disappointing sales reports.
Facebook Share Price History
Average Stock Price
Annual % Change
On the verge of a new year, what should we expect from Facebook stock price in 2019?
Zuckerberg has claimed that fighting platform manipulation problems will take billions of dollars and several years to fix. Therefore, Facebook plans to spend huge amounts of money to curb its user data and fake news problem
Meanwhile, the company is set to dive deeper into live streaming video, continuing its appeal to advertisers with a monthly audience of over 2.6 billion across all its platforms.
Today, Facebook ranks #76 in the Fortune 500 list of the largest US corporations by total revenue. Facebook’s fourth quarter revenues are forecasted to reach $16.4 billion. The company’s fiscal 2018 revenues are expected to rise over 36% and reach $55.33 billion. Looking forward to 2019, Facebook’s revenue is projected to surge 23.8% and reach $68.51 billion.
Therefore, ending the year in the list of stock fallers, Facebook has all the chances to join the winners in 2019. Let see how it goes.