The Facebook IPO is coming soon, and leading up to that rumors are flying. Earlier this month, one said that the social network was closing on March 15, but it's not. Could this be the day the giant goes public? Perhaps, but others think it could happen tomorrow! TOMORROW!
Some are saying that the Facebook IPO will create a money machine. Of course, there are others who think that it will be no big deal. What do you think about this well-liked social network going public? Do you think it will affect how you use it at all? Eventually it could because eventually the website could begin to cater to its stockholders, which could cause some changes in the free service.
In its initial offering (which could come as early as tomorrow), Facebook hopes to raise a cool $5 billion. If the company truly does raise that much, it will be the largest ever for an Internet-based company. It would even beat Google, which raised $1.9 billion in its IPO. How much is the social network truly worth? People will not know until after several months of trading.
Ultimately, much of this Facebook IPO is simply rumors right now. Max Wolff, chief economist at GreenCrest Capital, put it perfectly into words when he said, "People are extrapolating outcomes into an environment that's hungry for missing details. It's like all the guys in the class spreading rumors about the prettiest girl in the school."
No matter what happens, Facebook founder Mark Zuckerberg is sure to be an incredibly wealthy man. He already is.
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