-->
Results 1 to 7 of 7

Thread: Facebook goes public - BIG time

  1. #1
    connoisseur of empathy Array cluezo's Avatar
    Join Date
    Mar 2006
    Location
    Slouching towards Bethlehem ...
    Posts
    19,213
    vCash
    500
    Thanks
    103
    Thanked 595 Times in 374 Posts


    Rep Power
    116887

    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.


  2. #2
    Established User Array Tungsten's Avatar
    Join Date
    May 2011
    Location
    13 degrees
    Posts
    372
    vCash
    6122
    Thanks
    45
    Thanked 24 Times in 22 Posts


    Rep Power
    2355
    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.

  3. #3
    New Member Array
    Join Date
    Feb 2012
    Posts
    3
    vCash
    500
    Thanks
    0
    Thanked 0 Times in 0 Posts


    Rep Power
    0
    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

  4. #4
    Senior Member Array Bangkok Phil's Avatar
    Join Date
    Aug 2004
    Posts
    10,300
    vCash
    300
    Thanks
    198
    Thanked 180 Times in 123 Posts


    Rep Power
    14970
    I can't and don't keep up with what Facebook is doing. It's sort of got too big for itself.
    It's great for sharing photos with me Mom though.
    The worst job in Thailand must be the man who has to sit down with a blue marker pen and mark a number two on the two-baht coins to stop people thinking they are one-baht coins.

  5. #5
    member Array
    Join Date
    Jan 2010
    Posts
    12,166
    vCash
    979
    Thanks
    326
    Thanked 583 Times in 456 Posts


    Rep Power
    105393
    Can anybody tell me how can i cancel my facebook account?

  6. #6
    Xerographic Detournements Array re_fuse's Avatar
    Join Date
    Dec 2005
    Location
    I plead Wisdom by means of insanity
    Posts
    24,642
    vCash
    300
    Thanks
    86
    Thanked 46 Times in 35 Posts


    Rep Power
    41375
    Have a browse around your account setting menues

  7. #7
    A Gorging Member Array jimbo's Avatar
    Join Date
    Jun 2005
    Location
    astral plane
    Posts
    25,337
    vCash
    500
    Thanks
    42
    Thanked 170 Times in 134 Posts

    Moon Lander Champion!
    Rep Power
    33305
    Quote Originally Posted by fred flintstone View Post
    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.

Similar Threads

  1. Facebook
    By LDMA in forum Computers, Technology and the Internet in Thailand.
    Replies: 67
    Last Post: 23rd June 2008, 16:36

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •