Thread: Facebook goes public - BIG time

Massive ....

Facebook Sets Historic IPO
Potential $10 Billion Offering Would Dwarf Google's; Site Has 845 Million Users

Facebook Inc. filed for an initial public offering Wednesday that could value the social network between $75 billion and $100 billion, putting the company on track for one of the biggest U.S. stock-market debuts of all time.
The company hopes to raise as much as $10 billion when it begins selling shares this spring, said people familiar with the matter. Potential buyers got their first look at its financials Wednesday, which showed the company produced a $1 billion profit last year from $3.71 billion in revenues. The company derives 85% of those revenues from advertising, with the rest from social gaming and other fees.

In just eight years, Facebook has become the world's social bazaar, where friends gossip, play games and swap 250 million photos per day. It has also emerged as a potent political tool, helping to topple regimes across the Middle East last year.

Facebook Files for IPO - WSJ.com

And at 28, this guy has 28billion dollars.

I wonder how long they can keep going though. The number of Facebook users is declining in the UK. By its own admission in its SEC filing “Our revenue grew by 88% last year — and that’s simply not sustainable. Growth is bound to decline.” The guy's a genius though ... even though I don't like facebook.

This is the beginning of the end. Once people get their money, they're less interested in developing the service and it goes into decline.

Of course, this is Facebook, so it may not be such a bad thing

Have a browse around your account setting menues

Originally Posted by fred flintstone

Can anybody tell me how can i cancel my facebook account?

yeh it's there as re_fuse says. Important that you do not attempt to log in for two weeks afterwards or it will be re-issued, but a page should tell you that right after you cancel.