Facebook serves notice on $5 billion IPO

posted by
February 2, 2012
Financial Times [UK]    
Posted in News

"Facebook launched the process for its highly anticipated stock market debut, filing papers for a $5bn initial public offering that will turn key shareholders into billionaires, most notably Mark Zuckerberg, the 27-year-old chief executive and co-founder. ... Following years of intense speculation over the details of the company’s social media advertising business, Facebook disclosed for the first time how much money it makes.For 2011, the company generated $3.7bn in revenues, an 88 per cent jump over the year before." (02/02/12)


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