On May 18, 2012, Facebook was listed at an opening price of $42.05 per share. The market value of the listing was as high as $115.2 billion, which shocked the world.
However, two years before Facebook went public, it almost became a subsidiary of Microsoft. Recently, former Microsoft CEO Steve Ballmer recalled the past between Microsoft and Facebook six years ago in an interview with CNBC.
Ballmer broke the news that Microsoft had contacted Mark Zuckerberg in 2010 and expressed his intention to acquire Facebook. At the time, Facebook had been founded for six years, but the scale was far from today's level. Ballmer described Facebook at the time as "itsy bitsy."
But the huge Microsoft is facing a "small" Facebook, but it has a very good price - $24 billion. However, the $24 billion did not go well because Zuckerberg rejected the acquisition. By default, Bauer needs to be willing to sell himself, so he respects Facebook's choice.
From the standpoint of Microsoft, this may be a pity, and from Facebook's point of view, choosing independent development may be one of the most correct choices in the history of Mark Zuckerberg. Today, Facebook's market capitalization is about $378.9 billion, and its stock price is still rising.
Facebook stock price trend for 5 years
As for Microsoft, Ballmer doesn't need to be too sorry, because Microsoft invested $240 million in Facebook in October 2007 and won a 1.6% stake in Facebook. After Facebook's official IPO in 2012, there was an analysis that Microsoft had returned more than five times the return on investment through this $240 million investment, which is enough to be a successful investment.
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