Facebook files for IPO [VIDEO]
As the big news hit yesterday, Facebook’s IPO (initial public offering) would be the largest in tech company history. We’ve put together a short video to highlight this news. If you use Facebook, this one’s for you.
“Facebook’s IPO filing not only made a statement as the largest for any technology company but a glimpse into their earnings shows their attention to detail. In 2011, FB reported a net income of $1 Billion. Not $950 million or $1.2 Billion. Perhaps it was a shout out to Justin Timberlake’s famous line from “The Social Network,” but the facts remain, they are very much in control. Not only will Mark Zuckerberg become one of the wealthiest men in the world, nearly 1,000 employees are expected to become millionaires overnight. Who would’ve thought playing farm games all day could be worth so much!”
Created By: MBA Online