Tuesday, May 15, 2012

FACEBOOK is worth $100 billion! woe.


Facebook goes public this week. Facebook will be valued at roughly $100 billion. Facebook will be the highest valuation ever for initial public offering of a tech company. But come on…if Facebook really worth this much money? Mark Zuckerberg turns 28 and becomes one of the richest men in the world? The company is expected to start selling stock to the public for the first time. The value of Facebook is over 100 billion making it worth more than Disney, Ford and Kraft Foods.  Once Facebook begins selling stock, Zuckerberg will be expected to please a host of new stakeholders, including Wall Street investment firms, hedge funds and pension funds who will pressure him to keep the company growing. Young as he may seem —especially in that hooded sweatshirt— Zuckerberg will be about the same age as Michael Dell and older than Steve Jobs when those two took their companies, Dell Inc. and Apple Inc., public. http://www.columbiamissourian.com/stories/2012/05/13/days-facebook-goes-public-ceo-mark-zuckerberg-turning-28/

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