On May 18, 2012 Facebook launched its initial public offering (IPO) at a price per share of $38. Over the next year that share pricing would ping pong back and forth based on the company’s quarterly financial reports.
This week the company’s share prices finally reached over $38 for a short period of time before settling at $36.80.
Company CEO Mark Zuckerberg has long argued with investors over the future of his massive social network. Last year when mobile earnings were virtually non-existent Zuckerberg promised results.
Despite those promises Facebook quarterly results have often had negative effects on the company’s per share pricing.
Facebook’s shares per price hovered around $25 for the last several months but skyrocketed recently after Zuck and company announced that mobile advertising has rapidly increased and that commercial-type ads are on their way.
The team at Statista recently examined how Facebook shares have increased and decreased based on quarterly results and major Facebook platform upgrades.