Social media giant Facebook once again demonstrated its mastery of the mobile computing wave by reporting bumper earnings growth in revenue and profits for …
Facebook Inc. director Peter Thiel sold most of his shares of the social-media giant last week. As it was stated in a regulatory filing, he had earned roughly $400 million on selling his stake, bringing his proceeds to approximately $1 billion. Data shows that Facebook director earned $640.1 million in sales during the initial public offering.
Social networking site Facebook’s shares slid all the way down by 6.2 percent to reach a new record low. The incident took place on Tuesday which happened to be the third straight day of disappointing results for Facebook Inc. which showed a marked decrease in the growth rate of users and gave rise to renewed doubts regarding its capability to maintain its profitable valuation.
Facebook has kept people waiting for months for its shares to finally go public. There are many others who have been trying to get a few shares in the secondary markets hoping for Facebook shares to pop out of the gate.
Facebook will be able to file its Initial Public Offering as early as Wednesday, to sell stock in an open market. facebook’s debut is likely to be the most talked-about IPO after Google in 2004. This is generating curiosity as well as expectations among the public for what is likely to be one of the biggest debuts for a U.S. company.
There's been plenty of buzz and rumor for sometime about the Facebook initial public offering. When's it going to happen? Will it really be a $10 billion offering? Is Facebook really worth $100 billion dollars? Will it be able to survive better than Google and Pandora? Here are a few more answers to the many questions going around: