Facebookis the well known social networking website founded by Mark Zuckerberg and three classmates at Harvard. With approximately 750 million active users worldwide, the upcoming Facebook IPO has generated an excitement in the Wall Street IPO community and the broader investor community that rivals other well known Internet IPOs, such as Google, Amazon, and eBay.
Best quote, I hope this meets the posting guidelines I was just discussing elsewhere on SI: "Facebook officials are now acknowledging that the social media giant has been able to create a running log of the web pages that each of its 800 million or so members has visited during the previous 90 days. Facebook also keeps close track of where millions more non-members of the social network go on the Web, after they visit a Facebook web page for any reason."
No thank you. BTW, their membership numbers are inflated with millions of inactive or abandoned accounts.
As long as I am posting links, there's this. It may actually affect use of your information going forward, but know that the horse has long been out of the barn.
wikiHow - How to Permanently Delete a Facebook Account
The Wall Street Journal’s Shayndi Raice and Randall Smiththis afternoon report that Facebookmay file for an initial public offering as soon as next Wednesday, valuing the company in a range of $75 billion to $100 billion, citing multiple anonymous sources.
The news comes two days after reports that private trading in shares of Facebook were being suspended.
A source I spoke with earlier this week with one investor owns private shares of Facebook opined that the valuation will likely be in the $40 range, above recent private trades at around $30. That would push the valuation toward the upper end of the range Raice and Smith are discussing. Indeed this source opined that the valuation out of the chute would probably be around $100 billion.
I would note that SharesPostof late has displayed recent transactions for Facebook at a price of $34, and states that the implied market value is $80 billion.