IPO

Facebook, a leading social networking service with users in excess of 800 million, has today grown far beyond the expectations of most right from the time it was founded. Launched sometimes in 2004 by Mark Zuckerberg and several other colleagues of his in college, Facebook has gradually become a force to recon with in the social networking field. The company is currently seeking to raise approximately $10billion from an upcoming Initial Public Offering (IPO). Apart from making quite a number of its current stockholders instant millionaires, Facebook's IPO will impact positively on the firm's bottom line, market capitalization and performance going forward.

Facebook: A Brief History

Mark Zuckerberg according to Philips (2007) "founded Facebook while studying psychology at Harvard University." It is however important to note that even before teaming with others to establish Facebook, Zuckerberg already had several other social-networking platforms in place including Facemash and Coursematch. While...
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