Facebook IPO
Facebook's IPO is the most hyped since Google. Mark Zuckerberg rings the NASDAQ bell in a hoodie. The stock opens at $38. It closes at $38.23 โ barely above the offering price. Then it crashes. The NASDAQ glitch delays trades. Investors lose billions. The stock drops to $17 by September. Facebook becomes a verb. The stock will eventually recover โ it reaches $1 trillion by 2021.
Largest tech IPO of its time. Proved social media could be a massive business. The IPO failure became a cautionary tale about hype vs. fundamentals.