Filed under: Rumors | Technology News
Jun 13 2011, 2:32pm CDT | by Luigi Lugmayr
The Facebook IPO is what everybody is waiting for. Facebook actually cannot avoid it as they soon thti the 500 investors barrier. At this point the SEC treats a private company as a publicly traded one in terms of reporting. Facebook will want to preempt this event with going IPO. CNBC sees the date for the Facebook IPO in Q1 of 2012.
If the market condidtions do not dramatically change the Facebook IPO should be beyond $100 billion. Last January Wall Street already placed their bets into Facebook at a valuation of $50 billion. Goldman Sachs and others inserted $1.5 billion into Facebook.
Facebook is still unchallenged. The amount of users Facebook has is pretty much impossibly for another social network to reach anytime soon. Facebook has more than 600 million users. There a though some new reports that the growth of Facebook could be slowing in the United States.
Source: Hacker News
* Firms submitted claims to Nasdaq on Monday NEW YORK May 25 (Reuters) - Citigroup Inc's Automated Trading Desk had trading losses of about $20 million from Facebook Inc's botched initial public offering on Nasdaq OMX Group Inc's U.S. exchange, ...
Full article at: Hacker News
More like this 11 minutes ago
Source: Biloxi Sun Herald
The botched offering of Facebook stock has raised several troubling questions, but at least we don't have to worry about the one that plagues many IPOs: How are a few select investors able to buy in early at lo ...
Full article at: Biloxi Sun Herald
More like this 12 minutes ago
Source: Vancouver Sun
LOS ANGELES - As the public joined the frenzy around Facebook Inc.’s Wall Street debut, well-connected institutional investors were hearing a more sobering message: The social network’s main business, advertising, was sputtering. The buzz around Facebook ...
Full article at: Vancouver Sun
More like this 21 minutes ago
Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.
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