May 18, 2012
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.