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Facebook will stop taking orders for its initial public offering (IPO) on May 16, two days ahead of schedule, but also has reportedly increased the IPO’s price range, which could give the social network a valuation of over $100 billion.
People expect to connect to other people on a social network. They don't expect to be able to support their favorite charitable causes and earn real money while doing it.
Facebook, on the verge of going public, has set its share prices at $28 to $35, a share price that would set the social network’s valuation at close to $87 billion.
Various media reports are pointing out that Facebook's advertising business is a tangled mess, which could be a warning to those wanting to invest once the company goes public.
Are you connected to college friends on Facebook?
- A person or thing gazed at with wonder or curiosity, especially of a scornful kind.
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