After years of speculation and anticipation on Wall Street and across Silicon Valley, Facebook may file for its initial public offering as soon as Wednesday of next week, according to a report citing people familiar with the matter. The social giant’s IPO could raise as much as $10 billion, with investment firms Morgan Stanley and Goldman Sachs as the lead underwriters, according to The Wall Street Journal.
Facebook’s IPO is one of the most highly anticipated filings in Silicon Valley, a topic nearing obsession for the tech press and venture capital community at large. The company has swelled since its founding only seven years ago, with a user base of over 800 million people worldwide.
Facebook’s had billions on the mind lately. Not only has the company passed the $1 billion revenue mark, it is also planning a $100 billion IPO for early this year. And now: a study argues that Facebook will likely hit one billion users this August.
This past September, Facebook announced that it had reached 800 million active users, so this news shouldn’t be totally surprising. Still, a 20 percent jump from these already rarified levels in such a short span of time at such a mature company would be pretty impressive.
"Now, more than ever, the illusions of division threaten our very existence. We all know the truth: more connects us than separates us. But in times of crisis the wise build bridges, while the foolish build barriers. We must find a way to look after one another as if we were one single tribe.” -King T'Challa, Black Panther
The truth is incontrovertible. Malice may attack it. ignorance may deride it, but in the end, there it is. ~Winston Churchill
I'm looking forward to all the Occupy people, and those that support them, to stop using this 1% evil corporation. I mean, think about it. The Occupy movement was created by a far-left Canadian magazine called "AdBusters" (no... the Occupy movement was not grass roots). As the title implies, this magazine is against large multinational corporations. They believe that the whole world is being manipulated by corporations, advertising and over-consumption. And Facebook has been used consistently by the Occupy movement to rely information and social messages back and forth to each other. And now this big bad corporation is now joining the really big boys, being intimately tied to Wall Street.
Do you think the Occupy folks will give up Starbucks and Apple next?
