The popular social media networking website, Facebook, is going to be going public very soon. It is said that Facebook will be offering 10 percent of the company's shares to the public. Facebook's IPO (Initial public offering) may be one of the biggest IPOs ever, possibly beating the amount that Google traded their shares during 2004.
Considering the fact that almost every household with access to the internet has a facebook account in their possession, the value of Facebook is presumably high.
Some even predict that it'll be sold at 100 billion dollars..... incredible...really..
Why would Facebook be worth that much??
Well, the fact is Facebook has been growing at an incredible rate since the birth of the organization. Not only does Facebook allow users to share pictures, comments, and information about one another. It is slowly becoming a tool for employers to use in making the decision of hiring an individual.
Facebook offers users the ability to create their own content such as the popular applications that users can access. And as many will know, the world of application/computer softwares are a growing market with vast opportunities for users to gain growing profits.
Facebook is also a popular means by which an organization goes about advertising their products/services to the consumers and in some cases Facebook becomes the means of an individual's business. This indicates the high degree of income that Facebook recognizes by posting an advertisement on their website.
Considering all of these factors, I guess this means that we all need to save up and join the crowd, when Facebook's IPO is on the market!
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