NFT assets, Meta Platforms Inc. (META)

Dear friends!

We are starting a series of mini-articles about world-class companies.

In two minutes, you’ll learn where it started and what’s happening today, from an economic perspective.

In advance, I apologize for my English.

So, let’s go.

Meta Platforms Inc. (NASDAQ: META) is an American social media and technology company. It was founded in 2004 by Mark Zuckerberg, Eduardo Saverin, Dustin Muskovitz and Chris Hughes while they were attending Harvard University. Facebook reached one million users in its first year and has grown exponentially to over 2.5 billion monthly users today. Facebook has become the fifth most valuable publicly traded company based on market capitalisation in the world as rated by Forbes. This incredible growth was achieved through market penetration as well as through a series of strategic acquisitions such as Instagram, WhatsApp, Oculus as well as numerous other technology-based start-ups.

Facebook continues to find innovative ways to remain relevant and work towards its stated objective of developing products that enable people to connect and exchange ideas with friends and family through mobile devices, personal computers, virtual reality and in-home devices. It has faced some negative backlash over advertising policies and tax aversion strategies in recent years, but Facebook remains the most widely used social media platform by a large margin.

Facebook stock trading began on 18 May 2012. The Initial Public Offering (IPO) was one of the most anticipated in recent history with Facebook stock trading at an initial price of $38 USD per share. 421,233,615 shares were offered for the IPO and over $16 billion was raised, making it the largest valuation placed on a company’s IPO to date. Mark Zuckerberg retained a 22 per cent stake in the company as well as a majority of voting rights.

On the first day of trading Facebook stock price rose quickly only to close just above its opening price at $38.13. In the following weeks the price would decrease to $27.72 indicating that investors felt there was more work required to reach its earning potential. Even those who were late to invest in Facebook stock have still had the opportunity to make considerable gains as the price today is hovering around $154. Facebook share price, like almost all companies, decreased drastically on 16 March when the market crashed. Sliding to $146.01 from $170.28 the previous day and an all time high of $223.23 on 29 January 2020.

There is significant upside potential for those who invest in Facebook stock, either in a traditional way or with crypto. Facebook posted huge revenues in 2019 of $70.7 billion with earnings before tax, interest, depreciation and amortisation (EBITDA) of $29.73 billion. Diluted earnings per share rose 8 per cent in the last quarter of 2019 year over year and advertising revenues are at an all time high.

At the moment there are fractional shares with different liquidity and yield, as well as maturity.

Every week there is a tokenization of shares of new companies.

Details at sobakenchain.tilda.ws, in the NFT assets section.

Have a good day and a great mood.

Thanks for your attention.