Saturday, February 4, 2012
Facebook goes public!
Facebook has become quite a colossal giant in it's 8 years and will probably only continue to grow. This social network service was co-created by Mark Zuckerberg which was founded in his Harvard dorm. The service is home to over 800 million active users as of January 2012 and has high hopes of further growth by expanding into other countries. Facebook is easily the most used social networking site in the world and it shouldn't come as a surprise when they have a like button on almost every web page on the internet.
On February 1, 2012 Facebook filed their documents to become a publicly traded company by way of a $5 billion initial public offering. An IPO of that size makes it one of the biggest in tech history and definitely the biggest in internet history. Experts believe their value will yield between $75 and $100 billion. So, be on the look out for Facebook to be pricing their shares in the next three to six months! Maybe if you're lucky, you'll be able to grab some up.. or not. Either way, good luck.
While reading a few articles relating to this story, I stumbled upon a couple other interesting facts about the company.
• 845 million Active users as of Dec 31, 2011.
° 425 million use mobile devices.
° 483 million login daily.
• 250 million photos are uploaded every 24 hours.
• Over 100 billion friendships have been created online.
• $3.71 billion in revenue and $1 billion in profits.
Just a few random facts I found that were very interesting to me. Thanks for reading! And feel free to leave your comments or opinions below. Below I'll link a map of social network site usage around the world and if anyone is interested in a movie about Facebook - check out The Social Network.
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