When Facebook was first launched in May 2012, those who immediately invested saw the price drop after the IPO. However, today the Meta stock price hit $300 and shows bullish trends, while those who decided to keep FB in their portfolios remain happy.
Facebook Shares Closed 2021 With $336.35
At the end of 2021, Facebook shares closed with $336.35, which is eight times more than when the stocks were launched.
Today, Meta became a synonym for business and a platform packed with social media lovers. What’s more, Meta’s access to data makes it one of the most valuable companies in the industry.
As for the following projects, the company focused on the metaverse (thus the name change). Meta now wants to become a leader in 3D worlds and offer the future of social connection.
It’s no wonder that Meta ETF and FB stocks predictions are positive. Facebook has already beaten analysts’ earning forecasts over the past four consecutive quarters.
Besides working on the metaverse creation, Facebook turns towards non-fungible tokens (NFTs). The company hopes to break into the NFT marketplace – a billion-dollar industry projected to grow in 2022.
Still, Facebook faces increased regulations, as Congress could order the company to cease operations. Unfortunately, many US regulators believe Mark Zuckerberg and his company have become too big for their industry.
Regardless, Facebook (Meta) has been in controversial positions before while its stocks have continued to rise.