Friday, May 18, 2012

Facebook a record-setting public offering

Finally the hoodie boy Mark Zuckerberg takes Facebook to richest-ever initial public offering for any technology firm in the history. The Facebook shares will start trading on the Nasdaq with a price tag of $38 per share with the symbol of “FB”.

Now with market value of $104 billion Facebook will become one of the most valuable companies in the US, leaving behind the likes of Amazon, but still far behind Google which has a market value $203 billion and Apple with the value of $495 billion.
Now with Facebook going mobile the monetizing is much more difficult and people are concerned about Facebook’s money making strategies as the user base is going more mobile. This is surely interesting offering at Wall Street and how long Facebook can stick around will be something to watch out.

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