backtop


Print 23 comment(s) - last by MrBlastman.. on Dec 2 at 10:10 AM


Facebook CEO Mark Zuckerberg  (Source: thedailywh.at)
Facebook hopes to be valued at $100 billion

While many details are still up in the air, it has been revealed that social networking giant Facebook is anticipating a 2012 initial public offering.

Facebook, which has achieved 800 million users in its mere seven years of existence, is considering raising $10 billion in hopes of the company being valued at $100 billion, according to Reuters

Sources close to the talks told The Wall Street Journal that Facebook has drafted an internal prospectus and that a S-1 filing could come before the end of 2011.

Also, Facebook's Chief Financial Officer David Ebersman has discussed the IPO with Silicon Valley bankers. However, Facebook CEO Mark Zuckerberg has not decided on any bankers to manage the IPO. Zuckerberg also hasn't made any final decisions on terms.

Many previously thought Facebook would go public in 2011, but a shaky economy and a battle with the U.S. government over privacy-related issues has pushed the IPO until 2012.

The IPO looks to be a good move for Facebook, as it would allow the social beast to make more acquisitions, work on new projects, and attract more engineers.

In the first six months of 2011, Facebook reported $1.6 billion in company revenue. With a potential company value of $100 billion, Facebook would double the valuation of Hewlett-Packard.

Sources: Reuters, Washington Post



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

RE: Occupy THAT!!
By Rott3nHIppi3 on 12/1/2011 9:31:15 PM , Rating: 2
quote:
Re-read what I said before you wrote this. I don't think you comprehended the example I gave at all... not one bit. I actually don't expect many people to comprehend it but it is an extremely egregious example of atrocities performed in these institutions.

I read it and ignored it. See, my post is about "occupiers" and Facebook going IPO.... and somehow you're twisting this into the Mortgage crisis of 2008. Goldman Sach employs over 31000 employees, but you go and convince yourself they're ALL GUILTY! I'm OK with that if it makes you happy.
quote:
The thing is though, they broke the laws, they did unethical things

I believe I mentioned that loopholes aren't necessarily illegal. You're equating unethical (but still legal) as law punishable by death. Eating my cat is unethical, but last I checked, there's no law prohibiting me from doing so (except in CA, go figure). Why do I deserve to go to jail? Cause you got offended?
quote:
How is that different from giving it to some schmoe on the street who says: "Psst, hey buddy! Gimme yer cash and I'll double it in a month, I promise,"

Smart investors wouldn't take that risk. Kinda like smart home buyers wouldn't dare buy a big home on an ARM. If Pet Rock has taught us anything is that there will always be fools to prey on!
quote:
Of course, if you're not in the industry or haven't been around it, it is very hard to understand just what goes on in it. I can tell you for sure it isn't pretty at all.

I work for a Fortune 500 company.


RE: Occupy THAT!!
By MrBlastman on 12/2/2011 12:00:42 AM , Rating: 2
quote:
I work for a Fortune 500 company.


Unless you work for a Wall St. Firm--i.e. Wirehouse or Bank, I doubt you'll understand what I'm talking about. Fortune 500 firms are WAYYYYYYYY different. There's no comparison between unregulated businesses and a highly regulated industry. Then you get into culture. It is so radically different.

quote:
I believe I mentioned that loopholes aren't necessarily illegal


Are you kidding me?!

So hold on a minute. If you were to go up to someone and say--hey, invest your cash in this investment and it'll grow and make money... and then simultaneously WITHOUT their knowledge, in your own personal account, sell that investment SHORT (i.e. bet completely opposite the client with material knowledge knowing the investment is bad in the first place)--you mean to tell me you think that isn't breaking a LAW?

I got news for you, it is. You've just broken some serious laws right there. Huge laws. We're talking prison terms here.

The thing is--these big houses, i.e. Goldman, are walking away scott free minus a minor fine.

THIS... THIS is the problem. I'm not making this up, learn the laws, learn the regulations, you'll then see what I'm talking about. What Goldman did and other firms did is far from trivial. It is far from manipulating a loophole. It is, however, utilizing bought and paid for congressional members to help you skirt by. This is precisely what these firms do.

If you still don't think it is illegal, you're delusional.

If the underwriting department approves the packaging of the product and then at the direction of senior directors goes short while simultaneously getting clients to go long, the directors and the individual brokers are materially responsible and accountable for this violation of securities laws. The whole firm might not be, but many individuals within it--are.

This is just ONE of MANY examples I could give.


RE: Occupy THAT!!
By Rott3nHIppi3 on 12/2/2011 7:57:22 AM , Rating: 2
I see you're still taking your rage out on 2008. What I'm asking you though is whether or not you believe Occupiers in 2011 (almost 2012) should be taking advantage of the technology they're telling everyone else to give up (ATMs, Accounts with big banks, etc...)? And should they support social networks like "Facebook" when facebook's only real intent is making MORE money at your expense? Without logins and activity, Facebook is just as susceptible as MySpace. I've read the Occupiers Rules to take down Wall Street. Their laughable... so much so, they're not even following them.

Now you can either stick with subject or go on about GS. While your at it, I think you ought to throw Fannie/Freddie in your arguments too. I mean, that is Barny's pet project that also walked out unscathed and was virtually protected simply based on his own lies. And you know what... he got re-elected again, despite all that. Sometimes, the general public deserve what they get.


RE: Occupy THAT!!
By MrBlastman on 12/2/2011 10:10:37 AM , Rating: 2
I honestly don't care what the Occupiers use or do. In fact, I don't follow them at all, either. I'm glad they're there, doing something but to any more than that I'm not paying any attention... at least, until they become better organized.

Barney is gone after this term, finally. We're rid of him. He's the buffoon that stonewalled Bush when he wanted to audit/crack down on them.


"We can't expect users to use common sense. That would eliminate the need for all sorts of legislation, committees, oversight and lawyers." -- Christopher Jennings

Related Articles













botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki