Thursday, February 2nd 2012
Facebook Files $5 Billion IPO, Values it at Nearly $100 Billion
Facebook Inc., has finally filed to go public with its IPO, with plans to raise US $5 billion, according to a figure used to calculate the registration fee. The company seeks to trade under the ticker symbol "FB", although it did not list an exchange. It is speculated by those close to the company that Facebook is aiming at a far greater offering that will value to the company close to $100 billion. Facebook also provided some interesting stats about its operations in its filing. The EDGAR filing documents can be accessed here.
Source:
Engadget
30 Comments on Facebook Files $5 Billion IPO, Values it at Nearly $100 Billion
The only current issues I can think of that might damage that is the continued cheapening of their privacy and security. Brand loyalty can be pretty strong though, and FaceBook sure is huge.
Having been part of FaceBook for a few years, I can safely say it only helped marginally when it came to meaningful contact with friends and family. I'm not better or worse off than I was now I've deleted my account.
What do you think when you hear the word FaceBook? For me its: farmville, spamming of the 'like' button, and status updates usually consisting of bad jokes or pointless information. That speaks for itself.
Does this mean it will die eventually? Maybe not, but I sure hope it will.
I personally don't see much more potential in facebooks future that'll increase it's value significantly enough to make these shares a worthwhile purchase (a few years too late Mark), especially as more people leave Facebook (I wouldn't mind seeing those figures on account deletions; deleting an account is much easier than it was when I left a few years ago [name was real, the rest of my details however :p ] ).