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.