That’s the question many people are asking amid rising chatter that the booming social network plans to go public in 2012 and raise up to $10 billion in a deal that could value the company at more than $100 billion.
If Facebook’s IPO succeeds, it would be one of the largest public offerings in U.S. history and make the seven-year-old company worth more than iconic American firms like McDonald’s, Citigroup, and Kraft Foods. It would also turn founder and CEO Mark Zuckerberg into one of the richest people in the world, with an estimated net worth of roughly $20 billion.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Not!This valuation reminds me of the dot.com bust in the 90's where there is no assets of any kind but companies were valued in the billions and it all collapsed!
ReplyDeleteI don't know 5:16 Facebook has something they didn't, a passionate following larger than most countries, more traffic daily than any site, and real data willingly submited by consumers, corporations will want to have a relationship as they do now purely for the data. Which Facebook will always get paid for, sounds like a winner to me.
ReplyDelete