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The Internet Innovation Alliance is a broad-based coalition of business and non-profit organizations that aim to ensure every American, regardless of race, income or geography, has access to the critical tool that is broadband Internet. The IIA seeks to promote public policies that support equal opportunity for universal broadband availability and adoption so that everyone, everywhere can seize the benefits of the Internet - from education to health care, employment to community building, civic engagement and beyond.

The Podium

Friday, May 18

A Little Site Called Facebook

By Brad

Yesterday, you may have heard a little something about social behemoth Facebook’s IPO. At The Hill, Brendan Sasso breaks down the numbers:

Facebook will raise $16 billion, trailing only Visa and General Motors as the largest IPO ever.

Under the symbol “FB,” Facebook stock opened at $38 per share. That price will value the company at about $104 billion, more than McDonald’s, Disney and Starbucks.

Taking a different look at Facebook numbers, tech writer Brian Solis notes:

Now the site has more than 800 million users and a new comparison that’s worthy of blog posts, tweets and conference presentations…Facebook now has as many users as the entire Internet did in 2004, which ironically is the year Facebook debuted.

Wow.

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