Facebook is Going Public in 2012 With a $100,000,000,000 Valuation

Posted by Knowlton Thomas

Following rumours of an imminent IPO, it looks like Facebook will indeed go public sooner than later.

According to a report in The Wall Street Journal, Facebook will debut on the stock market between April and July of next year. People "familiar with the matter" say that Facebook is considering filing with the SEC as early as this year, but CEO and founder Mark Zuckerberg has not made a final decision.

The company apparently plans to raise up to $10 billion at a staggering $100 billion-plus valuation, which would suggest the promise of incredible long-term revenue growth considering its current revenue of roughly $4 billion in 2011. Groupon's tanking stock should serve as a cautionary tale for Mark about over-valuing tech companies, while the painfully stretched-out demise of MySpace should serve as a cautionary tale for potential investors.

Company:
Facebook
Website:
http://www.facebook.com
Location:
Toronto, Ontario, Canada

Facebook's mission is to give people the power to share and make the world more open and connected. Millions of people use Facebook everyday to keep up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet. more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis or otherwise enjoying the outdoors. more



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