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Facebook Files a US $ 5 Billion IPO, Trading this Spring

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Facebook Files a US $ 5 Billion IPO, Trading this Spring

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Social Networking site Facebook has filed for its Initial Public Offering , with a total value of US $ 5 Billion. The Website has a massive 483 Million active users on a daily basis, the company also took in 3.7 billion in revenue last year. Compared to giants like Google , the amount seems lowly. 

Facebook made 12% of its revenues from Social networking game maker Zynga. Facebook is desperate to monetize their Mobile applications to benefit from the large chunk of mobile users.

We do not currently directly generate any meaningful revenue from the use of Facebook mobile products, and our ability to do so successfully is unproven.

Although the IPO has been filed and may interest the stock buyer, most experts are claiming this to be a NO-NO territory. The IPO which is only a small percentage of the company’s true value has been setup to earn Facebook a lot of money and not the buyer.

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About The Author
AdityaT
AdityaT
iGyaan News Correspondent, an Intern, Technology lover, iGyaan hippie