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Old 02-02-2012, 05:26 PM
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Misc. Facebook IPO Filing Reveals Its Stunning Size: A Private Jet, [More]

We knew Facebook was big -- you don't get to 800 million users without making a few bucks -- but until today, we didn't know just how big.

Facebook filed papers for an initial public offering on Wednesday, pulling back the curtains on the inner workings of the world's largest social networking site and opening a new phase in the company's ambitious plan to compile, and make money off of, our personal information. Facebook seeks to raise $5 billion in an IPO that looks likely to be the largest by a web company since Google in 2004 and could place the social network's value as high as $75 billion to $100 billion.

Source: Facebook IPO Filing Reveals Its Stunning Size: A Private Jet, $1 Billion In Profits, And More
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Old 02-02-2012, 06:20 PM
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