Facebook made its initial public offering last Friday and while it didn’t go as smoothly as many had hoped, the offering was still the largest of its kind. Facebook stock began trading at $42 on Friday before closing just above $38, the IPO price set by bankers the night before. The stock has since slid further, touching $30 in pre-market trading on Wednesday morning, and media coverage has turned sour as investors continue to balk. All things considered, however, the $16 billion Facebook raised on Friday smashed Google’s earlier record by more than eight times and made Facebook’s offering the biggest in Internet IPO history. To put things in perspective as Facebook’s stock battles to climb back to the $38 mark and beyond, The New York Times released an interactive comparison tool that shows us all of the things Facebook’s $105 billion IPO-day market capitalization is worth more than. One example: The Hershey Company, T. Rowe Price, The Gap, Marriott International, Best Buy, Southwest Airlines, Trip Advisor, Safeway, Netflix, Williams-Sonoma, Abercrombie & Fitch, Big Lots, Buffalo Wild Wings, TiVo, Papa John’s, Earthlink and Shutterfly… combined.
Facebook's record-breaking IPO put into perspective
Updated Dec 19th, 2018 8:25PM EST
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Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
