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Facebook Files For IPO, Reports It Has 845 Million Users
2012-02-02 12:42:57

After much anticipation, the world's largest social network finally filed for its initial public offering on Wednesday. The company is seeking to raise $5 billion on Wall Street, and analysts put Facebook's valuation at between $75 billion and $100 billion. "I think most people were figuring it could go out at up to $100 billion valuation, and they would float 5 to 10 percent of it, so that is right in the ballpark," Kevin Landis, chief investment officer of Firsthand Capital...


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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