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Facebook IPO Valued At $104 Billion

May 19

Written by:
5/19/2012 9:54 PM  RssIcon

Echo Lingo - Facebook IPO

The much awaited Facebook IPO finally took place on Friday, 18 May. Founder Zuckerberg rang the opening bell at Nasdaq remotely from Menlo Park, wearing his trademark hooded sweatshirt. Priced at $38 per share, Facebook valuation on Friday would be an amazing $104 billion, although that only barely placed Facebook within the top 10 technology companies today.

Under the IPO plan, Zuckerberg would hold 18% of Facebook value plus 55.8% of the voting power. Going forward, the company was expected to face increasing challenges in eliciting revenue from the growing proportion of mobile users.

Another major obstacle facing Facebook was the growing concern over online privacy. Zuckerberg had previously apologized for privacy lapses after users were outraged that their information were being made visible to advertisers. Now that Facebook was publicly listed, it would have to better account for its privacy protection.

Copyright ©2012 Echo Lingo

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