A look back at Facebook’s biggest moments

One year ago tomorrow, social networking phenomenon Facebook went public in one of the most highly anticipated initial public offerings of the last decade. Leading up to the IPO, which valued the company at a whopping $104 billion — or 100 times earnings — the hype was intense. Facebook, market prognosticators predicted, would soar in the first day of trading, generating easy gains for the investors who rushed for a piece of the action.

One year ago tomorrow, social networking phenomenon Facebook went public in one of the most highly anticipated initial public offerings of the last decade. Leading up to the IPO, which valued the company at a whopping $104 billion — or 100 times earnings — the hype was intense. Facebook, market prognosticators predicted, would soar in the first day of trading, generating easy gains for the investors who rushed for a piece of the action.

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After jumping more than 10 percent at the start of trading, shares of the social network pulled back in their debut on the Nasdaq stoc

By Cris Frangold: The world's most popular social networking site, Facebook (FB), launched its initial public offering (IPO) last Friday, May 18. On Thursday the 17th, Facebook announced the IPO stock price would be $38 per share.

Last Friday, we learned that Eduardo Saverin, one of the co-founders of Facebook, had renounced his American citizenship in what seemed to be a transparent ploy to escape a hefty bill from the IRS in the wake of Facebook’s upcoming IPO.

Their pockets bulging with roughly $65 million from a legal settlement with Facebook’s founder and CEO Mark Zuckerberg, the Winklevoss twins are backing a new social network.

After a dire stock market debut, Facebook has clawed back a large chunk of its losses as investors look past the flubbed initial public offering and gradually warm to the leading social network.Facebook shares were offered in May at $38, and after an opening hours jump slid over the next two weeks to as low as $25.52 on June 6. But since then the stock has risen more than 20 percent to Friday's close at $31.09.