Tech

Facebook IPO: Mark Zuckerberg rings Nasdaq opening bell

Associated Press | Posted on May 18, 2012 at 07:30pm IST

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Menlo Park: It's Facebook's big day. The site, which was born in a dorm room eight years ago and has grown into a worldwide network of almost a billion people, is making the most talked-about stock market debut in years.

Wearing his trademark hoodie and standing before a huge crowd in Menlo Park, Calif., CEO Mark Zuckerberg symbolically opened trading on the Nasdaq Stock Market.

Facebook stock won't begin trading until later in the day. The broader US market opened slightly higher, with the Nasdaq composite index up about 10 points, or 0.3 percent.

Mark Zuckerberg rings Nasdaq opening bell

It\'s Facebook\'s big day and CEO Mark Zuckerberg symbolically opened trading on the Nasdaq Stock Market.

The IPO price values Facebook at $104 billion. By comparison, here are the top five companies in the Standard & Poor's 500 index by market value, based on Thursday's closing stock prices: Apple, $496 billion; Exxon Mobil, $383 billion; Microsoft, $250 billion; IBM, $229 billion; Wal-Mart Stores, $210 billion.

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Facebook

Posted on May 22, 2013 at 10:14AM IST
Facebook is a free-access social networking website that is operated and privately owned by Facebook, Inc.[1] Users can join networks organized by city, workplace, school, and region to connect and interact with other people. People can also a ...

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Mark Zuckerberg

Posted on May 14, 2013 at 01:15PM IST
Mark Zuckerberg, (born May 14, 1984) is an American computer programmer and entrepreneur. As a Harvard student, he created the online social website Facebook, a site popular among students worldwide, with fellow computer science major students ...

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