Finally after a long wait, Facebook IPO is here. On Wednesday it filed to raise as much as $5 billion in its first public offering. It is noteworthy that in the year 2011, Facebook was able to made $1 billion with a sale of as much as $3.7 billion. As per reports till December end 2011, Facebook had nearly 845 million active members.
It was in the year 2009, that the company actually reported good profit after its launch after 5 years. In 2009, Facebook reported a profit of $229 million with a sale of $777 million, thus giving a reason to move ahead to Facebook founder Zuckerberg.
Although it’s still not declared as on which stock exchange the trading of Facebook will actually take place but it’s time to wait and watch!
In the coming months, Facebook is likely to re-file all necessary documents so to speed up the procedure. Now all eyes are on that paper work as that will disclose necessary details that are financial in nature.
As still the share price of Facebook is not known, speculations are going on and all eyes are on next paper filing where this necessary information can be made public. So whatever the next step of Facebook, for us it’s time to remain active and go social with Facebook! Who knows every member will enjoy any privilege?
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