how much was facebook stock when it first came out
Initial public offering of Facebook Strong demand, especially from retail investors, suggested Facebook could choose a relatively high offering price.[24] Ultimately underwriters settled on a price of $38 per share, at the top of its target range.[24] This price valued the company at $104 billion, the largest valuation to date for a newly public company.[25]
History of YouTube YouTube began as an angel-funded enterprise working from a makeshift office in a garage. In November 2005, venture firm Sequoia Capital invested an initial $3.5 million,[9] and Roelof Botha (a partner of the firm and former CFO of PayPal) joined the YouTube board of directors. In April 2006, Sequoia and Artis Capital Management invested an additional $8 million in the company, which had experienced significant growth in its first few months.[10]