Facebook Becomes A Publicly Traded Company
Just how much is Facebook worth? Well, if their initial public offering is any indication, they're worth a lot more than most of its users make in their lifetimes...
On Wednesday, Facebook filed to raise $5 billion in its initial public offering. (IPO) Last year, the social networking giant made $1 billion on sales of $3.7 billion. Analysts are predicting that Facebook's total value will fall somewhere in the range of $85 to $100 billion dollars. Although there's no definite word on how much Facebook shares will cost, but Facebook is predicting it will be around $30 a share.
Now that Facebook has gone public, I find it just a little ironic that they'll now be put under just as much scrutiny as it puts on its own users. And speaking of Facebook users, there's at least one Facebook user who thinks the users should get a piece of the $5 billion pie:
Am I the only person that thinks every Facebook member should receive at least 1 share at initial post?If it wasn't for all of you loyal and faithful Facebookers, this would never have gotten this far.
Great idea, but somehow I don't think it's going to happen.