meta stock

Meta Stock IPO: Can You Buy Stock in the New Facebook Company?

The following guide answers the question: Can you Buy Meta Stock?

Just like Undervalued Stocks, this rebranded Facebook company founded by Mark Zuckerberg could be an enormously profitable investment center.

Many ask the same question about Truth Social or live streaming platforms like Twitch.

Facebook, Inc. has set the industry standard for social networking throughout the 2000s.

Their meteoric rise can be attributed to the human desire to connect that resonates regardless of age, the platforms engaging and easy to navigate format, and the willingness of the company to adapt to consumer demand regarding the features that it continually adds.

At the Facebook Connect virtual event on October 28, 2021, Facebook took another step forward in their goal to reinvent computing when they announced that they would rebrand themselves to be known moving forward as ‘Meta.’

Prior to diving into what this name change means regarding the company’s stock, it’s important to understand what exactly Meta is, how these changes will be made, and what to expect moving forward.

What is Meta?

Meta is the new name for the umbrella corporation that owns the Facebook site, along with 78 other companies it has acquired throughout its history.

can you buy meta stock

Why Rebrand to Meta?

Although this may seem like an odd move for Facebook to make at this time, the restructuring will allow Facebook, along with the other prominent companies it previously owned, to continue to grow and branch into additional sectors if they so choose.

When these powerful companies reorganize themselves as a conglomerate, they make it more difficult to be scrutinized by governmental agents for attempting to form a monopoly.

Why Rebrand to Meta?

Therefore, Meta can now argue that its subsidiary companies operate independently of each other and can hope to stand a better chance of Federal Trade Commission (FTC) scrutiny.

Facebook is not the first company to do this. It is just following the playbook of other successful companies that have worked the system for their own benefit.

Most notably Google renamed itself Alphabet in 2015. This move gives Alphabet ownership over Google, Nest, DoubleClick, Looker, YouTube, Waze, FitBit, and more, while allowing Google to expand outside of internet research and advertising to become a technology conglomerate.

 

History of Meta (Facebook)

While attending Harvard University in 2003, Mark Zuckerberg created a website, called Facemash, using the photos of female Harvard students and asking website users to choose the person they found more attractive when two were posted side-by-side.

Zuckerberg met with another Harvard student, Eduardo Saverin, and both agreed to invest $1,000 into expanding on the initial Facemash idea.

TheFacebook, located on thefacebook.com, was launched on February 4, 2004.

Initially, the site was restricted only for Harvard students but expanded in March of 2004 to Columbia, Stanford, and Yale. Soon after it was available for most universities in the U.S. and Canada.

The company moved to Palo Alto, California, in June of 2004 and shortly thereafter received its first investment from Peter Thiel, one of PayPal’s co-founders.

history of meta

Facebook purchased Facebook.com from the AboutFace Corporation for $200,000 in 2005. Jim Breyer and Accel Partners invested $12.7 million in Facebook in 2005.

A version of the website was released that targeted younger users, specifically those in high school, in September of 2005 and was opened to everyone at least 13 years old with a valid email address one year later in September of 2006.

In 2011, Facebook had become the second-most accessed website in the U.S. behind Google, according to a Nielsen study.

Facebook’s Initial Public Offering (IPO) came on May 17, 2012. A single share of stock was sold at $38 and the company had a $104 billion valuation.

Facebook Spaces, a virtual reality version for Oculus VR, was released in April of 2017.

Facebook, Inc., announced on October 28, 2021, that it would be rebranding itself as Meta.

This coincided with Zuckerberg’s proposed future of the company, which he outlined in 2016, in which virtual and augmented reality, artificial intelligence, and increased global connectivity would be the three main pillars of the company for the next 10 years.

Facebook, Inc., announced on October 28, 2021, that it would be rebranding itself as ‘Meta.’

Controversies

Just days after TheFacebook was launched, Zuckerberg was accused of misleading Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra into thinking he was helping them build a social network for Harvard students while actually building a competing product.

The three later sued Zuckerberg and settled in 2008 for 1.2 million shares of Facebook stock, which was the equivalent of $300 million.

Facebook sold $100,000 worth of ads to the Internet Research Agency, operating out of Russia, prior to the 2016 U.S. presidential election.

cambridge analytica

Around 3,000 ads from 470 inauthentic accounts were found on Facebook’s platform that was designed to persuade users to vote with a certain candidate and meddle in the overall outcome.

The Federal Trade Commission (FTC) sued Facebook for illegal monopolization and antitrust.

This was due to the fact that Facebook, Inc., not only operates one of the largest social media platforms in the world, it also owns two additional social media behemoths in WhatsApp and Instagram. However, the suit was dismissed in 2021 for lack of evidence.

meta lawsuit

Facebook experienced a global outage on October 4, 2021, that affected 3 billion users, along with internal Facebook employees.

This outage also impacted Facebook’s subsidiary companies WhatsApp and Instagram.

Frances Haugen, a former Facebook employee turned whistleblower, released documents to Congress, federal financial regulators, and the media in October of 2021 which brought to light how much Facebook has known about the dangerous psychological effects of its products, specifically with children, even while expanding into new markets around the world.

Meta Stock IPO?

Meta (Facebook) went public on the New York Stock Exchange (NYSE) in May of 2012 with the ticker (FB).

The opening price of its IPO was $38 with 421 million shares of stock offered. This valued the company at over $104 billion.

Facebook hit a new high with the price of a single share of stock reaching $382.18 during intraday trading on September 7, 2021.

The highest price the stock hit over the previous 52 weeks was $384.33.

meta platforms stock

Meta Stock Ticker?

It will still be possible to purchase shares of stock in Meta as it will continue to be a publicly-traded company. However, the stock ticker will change from (FB) to (MVRS) starting on December 1, 2021.

Meta Stock – Estimated Value

As previously mentioned, Meta will continue to be a publicly-traded company.

Directly after Mark Zuckerberg’s announcement that Facebook would be changing its name to Meta, the price of Facebook stock increased 3% and it closed the day 1.5% higher than it started the day at.

But will the increase in stock price continue? The most accurate way to determine the future price of Meta stock would be to compare it to the 52 week high and low prices of other social media companies.

Twitter

  • Previous 52 Week High: $80.75
  • Previous 52 Week Low: $38.93

twitter

Pinterest

  • Previous 52 Week High: $89.90
  • Previous 52 Week Low: $43.60

pinterest

Alphabet, Inc.

  • Previous 52 Week High: $2,936.41
  • Previous 52 Week Low: $1,612.11

alphabet stock

Snap, Inc.

  • Previous 52 Week High: $83.34
  • Previous 52 Week Low: $37.35

snap

Bumble

  • Previous 52 Week High: $84.80
  • Previous 52 Week Low: $38.91

bumble

Match Group, Inc.

  • Previous 52 Week High: $182.00
  • Previous 52 Week Low: $116.23

match stock

With a restructured company that is committed to revolutionizing computing for the future, while setting the industry standard for social media today, the potential growth of a single share of stock could reach up to $3,000 when analyzing the previous 52-week highs of companies operating in the same sector.

Additional Companies Owned

Facebook (Meta) has acquired 78 companies over the past 15 years.

Below is a list of the most notable companies that Facebook, Inc. owns that will now be owned and operated under Meta:

  • Instagram
  • WhatsApp
  • Oculus VR
  • Live Rail
  • Threadsy
  • Redkix
  • Parse
  • CRTL – labs
  • Onavo
  • tbh
  • Atlas Solutions

Alternative Investments

Alternative Investments

So, you are not interested in investing in Meta, but you’re determined to buy equity in another social media company. What are some of your alternative options?

  • Twitter (TWTR)
  • Pinterest (PINS)
  • Alphabet, Inc. (GOOG)
  • Bumble (BMBL)
  • Match Group, Inc. (MTCH)
  • Snap, Inc. (SNAP)
  • NetEase, Inc. (NTES)
  • Spotify Technology, Inc. (SPOT)
  • Tencent (TCEHY)
  • Zoom Video (ZM)

Can You Buy Stock in Meta?

Yes, it will still be possible to purchase shares of stock in Meta as it will continue to be a publicly-traded company.

However, the stock ticker will change from (FB) to (MVRS) starting on December 1, 2021.

Frequently Asked Questions

Can You Buy Meta Stock?

Yes, it will still be possible to purchase shares of stock in Meta as it will continue to be a publicly-traded company.

When is the Meta Stock IPO?

Meta will not file for an IPO, as they are a rebranded version of Facebook.

How Much Will Meta Stock Cost?

Since Meta will not file for another IPO, the current stock price of Meta Platforms sits between $300-350 per share.

What Brands Does Meta Own?

Meta owns several brands including Facebook, Instagram, WhatsApp, Oculus VR, Live Rail, and others.