Facebook Likely to Go for IPO by the Late 2012By Dipankar Das, Gaea News Network
Tuesday, September 28, 2010
In order to satisfy the hunger of the investors to invest at one of the Internet’s biggest growth firm, there is a high degree of chances that Facebook, the biggest social networking site, may go on public by the late 2012. The highly anticipated IPO will value tens of billions of dollars for the company. With half a billion users the company is closely watched by the aspiring investors so that some day they will be able to buy public shares in the fast-growing company. According to the Reuter news, its revenue is close to $800 million in 2009 and it is already profitable service in six years.
But Facebook board member, venture capitalist and PayPal co-founder Peter Thiel emphasized that the speculation for IPO will not happen until after late 2012, and would depend on the the revenue target of the company and how its business model succeeds in the future. The news was first reported by Fox news network. Still, the social network has become increasingly challenging for more established Internet players like Yahoo Inc and Google Inc for consumers’ online time and for ad dollars. Although, Facebook tried to keep a delicate balance between protecting privacy and promoting social sharing by its users.
Tags: Facebook, Google, IPO, Privacy, Target, Web, Yahoo