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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
ambsace
  • Bad luck; misfortune.
  • The smallest amount possible or the most worthless thing.
The word 'ambsace' comes from a Latin word meaning 'both'.