About 2 weeks ago Facebook filed for a $5 billion IPO, which could end up being the biggest IPO in history. Currently, the company is traded privately. The number of private investors that have interest in Facebook are in the thousands. Private traders estimate Facebook to be worth $103 billion. The IPO will create more capital and opportunities for the public to invest in.The company is set to go public sometime in May of this year. After the company begins its stock offering, Mark Zuckerberg (Founder and CEO) will have an individual worth of around $24 billion. This goes to show that online social media has become a giant in the markets and has great importance in our society today.
***This is a make-up blog for 2/24 since we were away.
No comments:
Post a Comment