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September 01, 2020 1:26pm
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10 years after Facebook’s record-breaking IPO, a sense of déjà vu

After a record-breaking initial public offering, Facebook Inc. shares plunged more than 30% in their first year before a Wall Street rise that made that freshman year seem like an anomaly. In its first year under the new name of Meta Platforms Inc., however, Facebook performed even worse.
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