If you’re an investor looking for an opportunity to increase your investment portfolio, you may want to consider Facebook stock. Its share price has a high level of volatility, making it an excellent choice for day traders. Mark Zuckerberg, the founder of Facebook, has many plans for the company. In October 2021, Facebook will rebrand itself as Meta and will separate its business into two distinct segments, social and business.
Despite the recent decline in the company’s share price, some analysts believe that Facebook will continue to increase in value. In 2022, the stock will reach about $150. By 2024, it will be close to $200. By 2025, it will be at least $275. In 2026, it will reach $300, and by 2030, it will be at least $621.
But despite the rapid growth of Facebook, it has yet to fully develop its technology. The company has largely relied on advertising to generate revenue. Despite this, the company is focusing on other aspects of the company’s growth, including the development of a virtual world called the metaverse. However, there is still a lot of uncertainty surrounding the company’s future.
Despite the growing popularity of Facebook, the company is not without its risks. For example, the company is not diversified enough in its revenue streams. During the second quarter, nearly 98 percent of its income came from advertising, while 1.7% came from “other” sales, which are likely to be the Oculus headsets or the Facebook Portal.
Facebook’s price began trending upward in March 2020, and this trend continued until August last year. In technical analysis, this pattern is known as the MACD indicator. In August-September 2021, the company’s stock price was at 384 USD, and it broke out of the lower border of its peak zone. This signaled the start of a long-term correction. However, the price never stays in the peak zone for long. In this scenario, the price may fall sharply and enter the trend base zone.
Facebook went public on May 18, 2012, and was the largest technology IPO in history. The company raised $16 billion in its initial public offering and is now valued at $104 billion. After the IPO, Facebook’s stock price began to climb in the secondary market. Many hedge funds, mutual funds, and private equity funds bid up the price, in turn driving its valuation skyward.
The company’s time as a public company has been turbulent. During its IPO, the shares failed to experience a big first day pop, and a significant number of investors decided to sell their shares, which led to a plunge of nearly half of the company’s value. By August 2013, however, the share price had returned to its IPO price.