The rumor mill on a Facebook IPO has been churning for months.
Insiders and reporters now believe that as early as Wednesday this week that Facebook will file for it’s initial public offering. The offering will value the company somewhere between $75 and $100 billion and raise approximately $10 billion for the firm.
It will also make Mark Zuckerberg very, very paper rich. (He won’t technically be rich until he sells some of his shares; I’m sure he’s doing just fine.)
The irony with the Facebook IPO is that the company doesn’t produce anything. It is a platform for users to share their lives… which Facebook then turns around and sells as marketing data.
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