News Artcle

Year after IPO, humbled Facebook still aims big

Published May 17, 2013

Year after IPO, humbled Facebook still aims big by Barbara Ortutay The Associated Press Published May 17, 2013 06:11PM MDT New York • It was supposed to be our IPO, the people’s public offering. Facebook, the brainchild of a young CEO who sauntered into Wall Street meetings in a hoodie, was going to be bigger than Amazon, bigger than McDonald’s, bigger than Coca-Cola. And it was all made possible by our friendships, photos and family ties. Then came the IPO, and it flopped. Facebook’s stock finished its first day of trading just 23 cents higher than its $38 IPO price. It hasn’t been that high since. Even amid the h... Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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