Facebook IPO
BeckyStrause
On Friday, Facebook will be going public in one of the largest initial public offerings in history. This means that Facebook (FB on Nasdaq) stock will be sold to the public, and the starting range is $34-38 per share. With the value of the company being as much as $96 billion, there is a lot of money to be made. The issue with that is that money needs to come from somewhere, so FB needs to make money for their shareholders to make money. And the shareholders will be calling for calling growing profits.
How is Facebook going to make money? They have begun testing a feature where certain posts can get highlighted for a fee. So if you want everyone to know that you just got engaged, just pay $2 and Facebook will make sure all your friends see it. I’m fully confident they have other plans as well to keep the cash flowing.
