Monday, January 30, 2012

Facebook IPO sparks hot competition on Wall St.

New York - Facebook is expected to file papers for an initial public offering this week. Indications are that the IPO will suggest the company is worth $75 billion to $100 billion, The Wall Street Journal reported Friday. The offering, which could raise as much as $10 billion, has been hotly anticipated as a defining moment for the latest Web investing boom.

After 7 years of operation, the company estimates it has created 450,000 jobs in the U.S. and Europe alone. Thousands of successful corporations use Facebook for targeted advertising purposes throughout the globe.

Word is that Morgan Stanley and Goldman Sachs are locked in a public relations battle of rumor and speculation to get the opportunity to make the lucrative IPO.

1 comment:

  1. survive for more than 7-12 years tops.It is a humongous waste of time.Only for people who are narcissists,egoists and showoffs.And there are many,going by the popularity.Social Networking,my left foot,You want to get social,go out and meet people.I wonder how many people on a facebook users account listed as 'Friends' are Real friends?And how can an individual manage 500 - 3000 friends or followers for the matter.