Facebook Hits the Stock Exchange with new IPO

Mark Zuckerberg only planned to make a quick $5 billion from his IPO, but stands to see the worth of his company hit nearly $100 billion.

There has been a buzz in the air lately saying, “Facebook is planning something”, “Facebook is getting ready to change something big.”  It’s been ignored by most because Facebook is always changing something.  But, what subscribers may not have known was that it wasn’t some app or style for their interface.  It was much bigger.  Facebook is going public!

Zuckerberg was only planning to raise a quick $5 billion, but the worth of the company may exceed $75 billion.  Yes, that was billion…not million!  The Facebook financials listed a profit of $1 billion for 2011.  Which is nearly $400 million more profit than 2010.  In 2010, the “social network” had nearly 500 million users. It now boasts 845 million active monthly users. These are amazing numbers for Zuckerberg, who isn’t even 30 years old.

But the problem with the company going public is the thought of all subscribers having their information sold with the company.  But, Zuckerberg insures that they will not be selling any of their customers information to third parties.  They only use their information for tailoring the ads to their page, according to NBC.

Read more here on the lucrative venture Zuckerberg plans to undertake in May.

3 thoughts on “Facebook Hits the Stock Exchange with new IPO”

  1. Going public is not always that great. Good luck to them. Hated it when a former employer took their stock public. The value plummeted quickly.

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