Posted on 11/28/2011 4:59:05 PM PST by Enosh
(Reuters) – Facebook Inc is looking to go public between April and June 2012 with a valuation of over $100 billion, the Wall Street Journal reported, citing people familiar with the matter.
The social media giant is considering raising as much as $10 billion in its IPO, the report said.
Sources familiar with the matter said the company has not made any decision over which banks will be involved in the IPO.
Facebook’s CFO David Ebersman is in talks with Silicon Valley bankers about an IPO, but founder CEO Mark Zuckerberg has not decided on any terms of the IPO, the Journal said.
Just in time to pump the markets to make it look rosey for our dear leader.
What other high-tech Dems will also go public at about the same time to get aboard this ride...
Zuck is cashing out baby!
Short Facebook!
Groupon and LinkedIn,
A telling scene is where the guy who was Napster said, you know what is really cool? " A billion dollars.
100 billion is even cooler.
Heh, yeah, I picked up on that. ;o)
Sure they arent gonna sell your info that you have foolishly posted for the world to see.
My kids say ; Yuck Facebook! They consider it the perview of moms like me and wierds. They prefer the networking sites that are about their intersts; such as deviantart and race sites for my son. My kids are on FB much less than I am, and I have all location in Iceland so I dont get many ads and never ones I understand.
I think FB is just another MySpace. The owners are cashing out.
BTW I got out of the market completel today...What about you???
My kids say ; Yuck Facebook! They consider it the perview of moms like me and wierds. They prefer the networking sites that are about their intersts; such as deviantart and race sites for my son. My kids are on FB much less than I am, and I have all location in Iceland so I dont get many ads and never ones I understand.
I think FB is just another MySpace. The owners are cashing out.
BTW I got out of the market completely today...What about you???
Facebook IPO valuation at about $100 billion, equals an instant stock bubble. The only direction for that stock will be downwards from there; just like Groupon.
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