Trudging through the trail of 2012 tech stories and yanking out the best was an onerous task. After much scrutiny, we have unearthed the absolute best.
Perhaps
the biggest tech story of 2012 was the highly anticipated event of
Facebook going public at a whopping, previously unheard valuation of
$100 billion.
The IPO driven by gung-ho analysts and rabid media
ensured that the stock was already oversubscribed forcing Facebook to
issue more shares. Not since the Google IPO debut had NASDAQ witnessed
such madness.
But the IPO was a damp squib from day one, with the stock tanking on
debut and in the process leaving thousands of investors with a lighter
wallet. For the first time, the company that could do no wrong looked
like a loser. Analysts had concerns about Facebook’s flat audience
growth in the US, its ability to keep revenues growing at a fast clip
and questions around how it will monetize mobile.
After weeks of the
stock dipping and going below the $20 mark, it has picked up somewhat,
buoyed by better mobile monetization and Zuckerberg assurance that
Facebook will explore new revenue streams.
The company’s latest milestone was to breach the 1 billion active user mark.
Post a Comment