This Day in History

Facebook, founded by Mark Zuckerberg and his college roommates, made history on May 18, 2012, when it raised $16 billion in the largest technology initial public offering (IPO) in U.S. history. This landmark event not only reflected Facebook’s immense impact on social media and global communication but also highlighted the booming tech industry’s potential for massive market influence. The IPO set the stage for Facebook to expand its reach and services, including significant acquisitions and expansion into new technologies.