In 2004, Mark Zuckerberg changed the face of social networking by founding a company in his dorm room called Facebook. 8 years later facebook has filed the biggest ever initial public offering. FacebookIPO aims to raise upwards of $5 billion, and the company is said to be valued around $75 to $100 billion, according to Reuters.
This means that Facebook stock will start trading in May of this year. The IPO, is the most talked-about since Google’s in 2004. Bill Clinton’s Treasury Secretary Larry Summers tells the New York Times.
“Most important companies, like Ford in its day or IBM in its, are those that open up whole new capabilities and permit whole new connections. Facebook is such a company.”
So the question now is, is Facebook really worth 100 billion? Thanks to the OmgGhana’s researchers, we were able to conclude these calculations below : Eight years = 250 million seconds. $100B/250M = Facebook has been increasing in value $400 each SECOND since it’s inception. Leave your comments below.
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