Went public: Nov. 13, 1998
Before Facebook hit the scene, TheGlobe.com was considered the first social networking site, allowing users to create, customize, and share content with others. The company went public in â€™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.