Trade Facebook Stocks with Binary Options

When the company’s shares debuted at $38 each on the Nasdaq in May 2012, Facebook became the most valuable company ever to go public. Drexel Code Review Its initial $12.8bn selloff meant that at the time, the company had an implied worth of $104bn and such was the level of public interest that the team of underwriters tasked with managing the flotation had closed their order books two days in advance of the sale.

Facebook may have captured the imagination of large numbers of investors, but there were still jitters surrounding the company. Was it overvalued? Were the various models of paid advertising on the platform capable of translating into a strong revenue stream over the long term? The selloff occurred on a Friday and by the following Monday, these jitters had translated into an immediate leak of support to the tune of 11%.

For the first year of trading, these negative sentiments persisted and the Facebook stock price was hovering around the $24-mark at the anniversary of its flotation. But then in mid 2013, the upward trajectory began – and has continued to the present. The most recent peak occurred at the end of January when the company’s 2015 fourth quarter earnings figures were announced. Revenue was up nearly 53% on the same period for the year previously and year-on-year revenue was $17.93bn, marking a 44% increase. The announcement triggered a 15.5% increase in the share price – and a peak price of $112.21.

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