The papers have been signed stating that Facebook will start selling stock this spring causing investors to wait with bated breath for this popular social network to go public.
Created less than a decade ago in a Harvard dorm room this social network has exploded and now has more than 845 million users worldwide with predictions of exceeding 1 billion users by August this year.
Last year Facebook’s recorded sales hit $3.7 billion dollars with a profit of $1 billion. Mark Zuckerberg, the creator of Facebook, has already been deemed as the world’s youngest self-made billionaire and the company’s IPO, Initial Public Offering, will just further his riches. Facebook’s market value is estimated to be between $75 billion and $100 billion and Zuckerberg will be walking with 28.4% of the sale.
This social network has grown to be the second most visited website in the world and many are excited at the prospect of owning a part of this great success. Experts are advising buyers to proceed with caution and not rush into investing.
Facebook is only releasing a small portion of the company and some experts believe there might be a second public offering in the future which could potentially harm the first buyer’s stake. Only time will tell whether these predictions will become reality or myth, and what will become of this interactive platform that connects users from around the world.15 February 2012