Facebook May Go IPO on Wednesday
It's almost time to get your piece of the social networking pie... if you can afford it.
Next week Facebook may file documents with the Securities and Exchange Commission for an initial public offering (IPO) of sock that will value The Center of the Internet at between $75 billion and $100 billion. The social website is expected to generate around $10 billion from the public offering.
Unnamed sources close to the matter claim that the IPO documents may be filed as early as Wednesday, or possibly filed a few weeks later, allowing consumers to purchase a piece of the social networking pie. Right now Facebook is close to signing on investment bank Morgan Stanley as the lead underwriter for its IPO, cutting hopeful Goldman Sachs Group out of the picture.
Launching as a publicly traded company will propel Facebook up into the top ranks of the largest public companies in the world including Amazon, Bank of America and McDonald's. A $10 billion offering would also put it fourth among U.S.-based companies, falling behind Visa, General Motors and AT&T Wireless. The launch would even dwarf Google's $23 billion market value when it offered an IPO back in 2004 -- the search engine giant is now worth $184 billion.
The unnamed sources, which spoke with the Wall Street Journal, said that Facebook's final valuation will be determined by a variety of factors. These include investor demand for social media, the health of the European economy and the IPO market.
"The IPO will test Mr. Zuckerberg's ability to manage a global company whose financial performance will be scrutinized every three months by investors," the paper reports. "Facebook also still faces questions about its commitment to its users' privacy, an issue that had dogged it since its earliest days."
Once the initial paper is filed, Facebook's public stock offering will likely take three to four months to become available. Naturally Facebook would not acknowledge the IPO report.
"Our position on this is that we don’t participate in IPO-related speculation," a representative stated.
UPDATE: The New York Post reports that Facebook has chosen a stock symbol, and it's... take a wild guess... FB!
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100 billion dollars worth of SOCK?
that be a lot of sock.
I wonder if they're going to do 'buy one stock get one persons info free' deal
whoah we can buy socks from facebook?
I want some socks. It's something you can actually use
Learn to spell. Oh, wait, you work for Tom's, nevermind....
how can purchase facebook IPO if i dont live in US?
I'll buy some socks from Facebook. My socks are getting kind of old.
It better be a bloody good sock..
holy sock batman!
I wonder how that will affect the SOCK market
All these sock jikes are gutting old guys! Cime on, everybidy mikes spelling mastakes.
What ever you do, don't store your FB socks in the dryer......2 FB socks go into said dryer only 1 FB sock comes out
Sock jokes aside, this will mean more advertising injected everywhere, more stupid apps you can't block and more of your private information being sold. Once a company goes public, it's all down hill as they must increase profit by any means necessary.
Don't stop (was almost gonna say sock) the sock jokes, they're awesome.
But, yes, what beayn said... Once it goes public, it could go very bad. I don't mind, though. Google+ is orright.
Facebook is a terrible disease and Suckerberg is full of it. Let me just say though that even this being the case, it might not be a bad idea to invest in this company rather than handing your hard earned dollars to the banksters to lend at 5 times the interest rates they are paying you in a bank account. We all know Facebook has done nothing for technology or the people it serves, except put their privacy at risk and push Americans closer to Orwell's 1984. Facebook, is one of those companies receiving unconditional support from the USA media, and I am almost certain that parasites like The New York Times will be purchasing shares or derivatives on this company knowing full well that they will reap lots of benefits from all the hype "genius" Sucker and his company have been showered with. Those wishing to keep ahead of the game can capitalize on the hype even if we know that it is a dark and ugly rigged game. Hopefully one day the people will be liberated from companies like Facebook and and iCrap; until then people wishing to keep ahead of the ball can cash in on the hype and work behind the scene spreading the word to undermine these deadly msm-mediated behemoths.
actually I'm gonna buy this. I dislike facebook but I do like money and profit.
Mark SOCKerberg. That is all.
Don't invest in this. Within 3 years it will start to decline just like every other "networking" site in the pass has and be dead by the 2020. It's a not a stock worth the investment, although you could make a couple of bucks if you buy now and sell next year. It's a fad and fads die eventually.
Most of these high-profile IPOs are not available to the casual investor anyway - they are usually reserved for corporations, banks & multimillionaires who buy big chunks of stock..
Don't invest in this. Within 3 years it will start to decline just like every other "networking" site in the pass has and be dead by the 2020. It's a not a stock worth the investment, although you could make a couple of bucks if you buy now and sell next year. It's a fad and fads die eventually.
I got to disagree with you. Do you honestly think Zuckerberg made this a SNS site to "keep in touch with friends and family"? Facebook is a data mining website that grew to enormous proportions and data mining isn't a fad. It is the next trillion dollar industry. People who say "oh I don't make facebook account because I don't want my info online" doesn't understand that within the next 10 years, their info will be digital whether they like it or not. Everything is going to become "smart" and will scan you and mine data about you.
You wont be able to buy the IPO, but can pick it up later. Remember that in the event one of the PIIGS defaults on its sovereign debt, the markets in general will be hit and that you can pick up this company at a good price. I hate Facebook with a passion, but the truth is that it is alot better to park your money on some a rat like Suckerberg with all the msm hype about his brilliance than to give it to some bankster to gamble with and return you alot less than 1% interest rate in one year; and don't forget to factor in the near 2% official inflation number, which means that you will probably get negative interest... Hey, you gotta thank "genius" Bernanke for that.
So yeah I will pickup some shares when this trash goes public.
Let's just hope they don't burst within the opening weeks, like LinkedIn did.
Facebooks socks will include status updates right from the tip of your toes. lol
hmm estimate revenue of $4.26 billion - thats revenue NOT profit. I just don't see how that means the overall company is worth $75 to $100 billion.
If someone can come with a better social site or social networking sites diversify then it will be massively over valued.
However having said all that there's no denying that facebook's marketing is 2nd to none. NO ONE ever really questions it. Any criticism from the mainstream press is so muted it verges on pointless lipservice.
The difference between googles ads and facebooks ads is that google targets people directly looking for items ie I type in loan and get ads for loan companies. Facebook datamines peoples info and then guess's what people might like and pushes ads their way. which will win out remains to be seen but google seems to be better in my eyes.
can't afford shares so moot point.
Sock jokes aside, this will mean more advertising injected everywhere, more stupid apps you can't block and more of your private information being sold. Once a company goes public, it's all down hill as they must increase profit by any means necessary.
I was wondering how many sock jokes I'll have to read before someone actually hit the nail on the head. You are 100% correct. I have nothing to hide, so I'm not a "privacy" nut, but Facebook is one thing I never had and refuse to sign-up for a few reasons, one being that users can't even articulate how it can be that something that costs $0 to use, is somehow generating millions (billions?) in profits... It's not even so much privacy issues that should worry some, but the fact that your "social" life is being exploited to bombard you with targeted ads that generate you nill income. I consider it marketing vomit, and the joke's on you (Facebook users).
Replace the word Facebook with Google and you have the same old story
I think they have realized that SOPA and PIPA are going to burn their empire...............
Either way Facebook is a sinking ship.........about to go down now or then...................
We the people bought it where it is now and the same people are going to take it down............
Same thing happened with ORKUT...........
Dotcom bubble 2.0!
The great social bubble of 2012!
I've always been curious about why Facebook has been worth so much i can see a company like Microsoft and apple being worth alot because they have physical products and patents that i can see things they could sell if needed but what does facebook have names of people their friends and random pages that they like?
I've always been curious about why Facebook has been worth so much i can see a company like Microsoft and apple being worth alot because they have physical products and patents that i can see things they could sell if needed but what does facebook have names of people their friends and random pages that they like?
Captive audience advertising. Pretty simple really. See Google.