By the end of June, the stock had traded at $3.72, down 40 cents, and its share price was down almost 20 cents.
But that didn’t stop Facebook from raising a staggering $1.8 billion from investors including venture capital firms Andreessen Horowitz and Andreessen Solutions.
The IPO had been widely expected for some time, and investors were expecting the company to get as much as $5 billion, which was well beyond the $2 billion that the company had raised in the summer.
But Facebook’s shares were on track to surpass their IPO highs by the end, and it would be a huge victory for the company’s stock.
The news wasn’t much better for other big players, with Facebook losing nearly 1,000 million shares over the course of the IPO.
While Facebook’s share price had been trending downward, that dip in value was only about 2 percent of its June trading.
The company is also still trading at about $1,000 below its IPO price, which is more than double its market cap.
But that’s not the only downside.
For one, the company has been hemorrhaging users.
According to market tracker Datamonitor, Facebook has lost more than a million users since the IPO, and the company is now down to about 1.3 million.
It lost almost 600,000 users in the past 24 hours alone, according to the tracker.
For its part, Facebook said that it will continue to make investments in Facebook’s mobile business.
It said that its mobile app is expected to have more than 200 million active users and reach 10 billion by the start of 2021.
While Facebook has had some good weeks lately, it is still losing users.
Its stock has fallen more than 15 percent since the beginning of June.
The stock could also be headed for another round of losses, with the company having to cut its dividend for the first time in its history, according with MarketWatch.
The price of Facebook shares could also get a bit of a boost when the company reported earnings today.