How much money would an investor make if he spent $1,000 buying Facebook shares at the time of the IPO?

On June 1, Sheryl Sandberg announced that she would step down as COO (chief operating officer) of Meta – Facebook’s parent company. Sandberg joined the company in 2008, playing a key role in the tech company’s memorable milestones, from its IPO in 2012 to its $1 trillion market cap last year.

During Sandberg’s time at Facebook, investors in this stock have reaped a large profit. According to the calculation of CNBCif you invest $1,000 in Facebook when the company goes public on May 18, 2012, the shares you hold will be worth $4,964.21 at the closing price on June 1, corresponding to the profit 396%.

Over the same time period, a $1,000 investment in the S&P 500 index would increase by 216 percent to $3,166.

Considered as the “right hand” of Mark Zuckerberg, Sandberg helped this 1984-born CEO promote advertising and the Facebook kid became one of the “giant” technology.

The 52-year-old COO has worked with Zuckerberg in the acquisitions of Instagram and WhatsApp, helping Facebook cement its position as the world’s dominant social network and turning the advertising business into a “money machine” generating revenue. revenue of more than 25 billion USD per quarter.

Of course, Sandberg’s time at Facebook was also controversial. In 2011, the company was investigated by the US Trade Commission (FTC) for privacy violations. By 2019, the FTC had fined Facebook $5 billion for violating the agreement. FTC Commissioner Rohit Chopra then said Sandberg and Zuckerberg would be further investigated for their role in Facebook’s wrongdoing.

In 2018, Facebook was also involved in the Cambridge Analytica company’s unauthorized data collection scandal. This data is used for election-related targeted advertising. Ms. Sandberg also caused controversy when she said the rioting event on Capitol Hill in early 2021 was organized mainly on other platforms, denying Facebook’s responsibility.

The company is currently facing an antitrust lawsuit from the Federal Trade Commission and could come under scrutiny from other agencies such as the Securities and Exchange Commission following complaints about its efforts to fight fraud. hostile on their platform.

In a post announcing Sandberg’s departure, Zuckerberg said that Meta has no plans to replace her role in the current company structure. “I’m not sure it’s doable because she’s a superstar who’s built the COO role in her own way,” the 38-year-old CEO said in a Facebook post.

Meta’s market capitalization now stands at more than $500 billion, half of what it was when it hit $1 trillion last year.

Follow CNBC, despite Facebook’s growth since its IPO, past returns do not predict future results. Research your options carefully before investing.

According to Linh Lam