Facebook Files For IPO 2/1/12

The world’s most beloved social-networking site, Facebook, today announced it’s intent to raise money in order to go public and hopes to raise $5 billion in an Initial Public Offering. The company that CEO Mark Zuckerberg started at Harvard University in 2004 now boasts over 800 million worldwide users.

Already a force to be reckoned with, Forbes magazine recently estimated Zuckerberg’s wealth at $17.5 billion. He’s just 27 years old and sources believe the IPO may be complete by his 28th Birthday this May.

The IPO means that anyone with another money will be able to buy a piece of the company. Which begs the question: Would you if you could?

Speak Your Mind