Facebook aims for $100 billion worth
 /  Casino News / Facebook aims for $100 billion worth

Facebook aims for $100 billion worth

Social network giant Facebook Inc. has unveiled a $96 billion valuation goal for its public offering, scheduled for May 18, reports The Wall Street Journal. If reached, this would set a new debut record amongst American companies.

Image representing Facebook as depicted in Cru...

Image via CrunchBase

Facebook seems to be growing exponentially, with over 900 million users and endless associations with advertisers, game developers and other big brands such as Instagram, so you’d think its worth wouldn’t be up for debate. But there has been speculation that its rate of expansion is slowing down, as its profits fell 6% from the last quarter. Though it promises more growth, its users are averse to more advertising and large international markets like China are off limits to social networks.

Mark Zuckerberg, the company’s founder, is selling some of his stake in the company to cover the massive taxes the venture has left him with, but will remain the majority shareholder with 57% voting power.

The final pricing of the company will probably take place within the next two weeks, when it will be trading as FB on the Nasdaq Stock Market.

Enhanced by Zemanta

Related Posts

Casino News
Gambling games may soon be on Facebook

This breaking news bulletin shows how Facebook and Zynga are tempted to boost their profits by allowing social

Casino News
Facebook friendships basis for social slots

A new social slot game is inviting Facebook users to learn more about their friends while winning credits

Casino News
Yahoo sues Facebook over disputed patents

Yahoo has filed an intellectual property lawsuit against Facebook. Facebook denies allegations that it infringed 10 of Yahoo’s