The 10 Biggest Tech IPO Fails of All Time

Went public: Nov. 13, 1998 

Before Facebook hit the scene, was considered the first social networking site, allowing users to create, customize, and share content with others. The company went public in ’98 and posted the largest first-day gain of any IPO at the time with its stock offer increasing from $9 to $65. That's a 606 percent advance. The celebration was short-lived as the online service became a victim of the dotcom crash, with its shares plunging from $97 to 10 cents within a two-year span. 

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