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Facebook value has increased to $5 Billion….
- February 2, 2012
- Posted by: admin
- Category: Uncategorized
Facebook, the vast online social network, took its first step toward becoming a publicly traded company on Wednesday as it filed to sell shares on the stock market.
The service, hatched in a Harvard dormitory room nearly eight years ago,
is on track to be the largest Internet initial public offering ever — trumping Google’s in 2004 or Netscape’s nearly a decade before that.
In its filing, Facebook, which has more than 800 million users worldwide,
said it was seeking to raise $5 billion, according to a figure used to calculate the registration fee.
The company will seek to have the ticker “FB” for its shares, but did not list an exchange.
But many close to the company say that Facebook is aiming for a far greater offering that would value it near $100 billion.
At that lofty valuation, Facebook would be much bigger than many longer-established American companies.
Facebook, unlike any other site, has come to define the social era of the Web. More than a portal, its value lies in its dynamic network of social connections and the enormous amount of information shared by its users.
In many ways, Facebook is a data processor, archiving and analyzing every shred of information, including its users’ interests, locations and every article and link that they “like.” The collection of data is a potential goldmine for advertisers, keen to better understand and target consumers.
article taken from http://dealbook.nytimes.com/
AP Ngabo’s comment about Facebook;
Via posted and shared information on Facebook. This enables the producers of products and big companies to be able to use the same data information on Facebook, so that they may be able design products which suits the people’s interest. On the other hand Facebook has become a place where the network of how people socialize with each other, by sharing information,and connecting to each other. This is also becoming a strong influence and a motivation that is bringing change on how governments governs their citizens.
When you look on the side of fighting crime and the method of investigating people’s lives, Facebook has also become a platform of data information where the cia in America, employers from different parts of the world, and the police goes to find out certain information concerning their suspects. And if it is the employers looking for information, then they will investigate to see what type of person (what kind of character does he/she posses, what type of people does he hang out with etc). And that type of information will be used to determine if the employee is capable to handle the job or not.