Facebook CEO Mark Zuckerberg |
Facebook has become the biggest social networking site in the Globe. Facebook as a company is expected to start their selling stock to the public for the 1st time and also panning to begin trading on the Nasdaq Stock Market on coming Friday. The IPO will value Facebook around $100 billion, and that will make them worth more than such iconic companies as Ford, Disney and Kraft Foods. Isn't it great for Facebook lovers?
Facebook's revenue increased from $777 million in the year 2009 to $3.7 billion last year. Facebook has already made more than $1 billion in the first quarter of 2012.
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