The exact day has not yet been pin pointed, but some of the best analysts have been throwing out several predictions as to when the groundbreaking event will occur, the initial public offering (IPO) of Facebook.
If you don’t know much about the company here is a quick break down. Facebook is a social networking company that was established in 2004 by Mark Zuckerberg. Zuckerberg is a 28-year old multi-billionaire ($17.5 billion to be exact). He studied computer science at Harvard University where he and some of his college classmates created “thefacebook.com” which was a website intended to put the students at Harvard in touch with one another and allow them to share photos and information which would help them meet other Harvard students. It was such a hit with the student body at Harvard it quickly spread to include students at Yale, Stanford and Columbia. By 2005, one year after its introduction at Harvard, Facebook had permeated 800 college networks across the nation. In that year, it hit 5 million users and the name was changed from “thefacebook.com” to Facebook. The name that sends chills down your spine.
Facebook has truly been a groundbreaking success and a leading innovation in the world of technology and social networking. It’s hard to imagine that a series of intricate algorithms and complex coding seems so simple from the user end. To give you an idea of just how present Facebook is, in not only the United States but the WORLD, there are over 800 million users of Facebook (that’s right almost 9% of the world’s population has a Facebook) and it is available in 70 different languages! Facebook only has about 3,200 employees worldwide, and is headquartered in Palo Alto, California.
If that is not enough, Facebook has been planning its IPO for several months now. It is going from a privately owned organization to a publicly owned one. Facebook filed the paperwork to go public back in February of this year. The company has not announced a specific date for its IPO; there have been several predictions however. Once Facebook becomes public it is expected to be valued at about $104 billion, which is almost four times more that what Google was worth when it had its own IPO back in 2004, about $24 billion.
Zuckerberg has found a way to provide the world with an identity infrastructure and he will reap the benefits for his ingenious innovation. There have been several books written about Facebook and Mark Zuckerberg and even a movie, the Social Network.
Learn about Mark Zuckerberg at facebook.com