Huh? You don’t know about Facebook? Psych! Haha, that’d be unbelievable. The probable thing you may not have known of is an IPO. “IPO” is basically an Initial Public Offering; you know, like on the stock market. Citing several different people near to the company, a well-known tech blog said that Facebook officials picked May 17 as the D-day to fire-off their long-anticipated initial public offering. knowing that, a different person in San Jose Mercury News said that the actual date isn’t concrete and could simply swap to be a couple of days earlier or later than that. The social network giant’s IPO is the most eager awaited technology stock debut in at least ten years. Facebook, started in 2004 by Mark Zuckerberg in a Harvard apartment, is seeking to raise $5 billion in this offering. The biggest IPO so far for an Internet company is $1.9 billion, that business being Google in 2004. While this appears to be quite an awesome event, there are a lot of people who are skeptical about how this whole thing will go down. Facebook will probably have a nice IPO, but from there out it’s tough to know what will happen. Some of the most anticipated and latest IPOs for large tech companies like Zynga have really gone a bit sour. It will be entertaining to see how Facebook fairs. One positive thought is that it will most-likely be a great boost for Silicon Valley. Many of the Facebook big wigs will probably take their wealth and create some powerful new startups.
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