What? You haven’t joined Facebook? Psych! Haha, that’d be unbelievable. The actual thing you might not have known of is an IPO. “IPO” is simply Initial Public Offering; you know, like on the stock market. Noting a number of different people near to the company, a notorious tech forum said that Facebook officials chose May 17 as the day to throw out their long-anticipated initial public offering. On the other hand, a different rep in San Jose Mercury News said that the actual date isn’t set in stone and could easily switch to be a couple of days earlier or later than that. The social network giant’s IPO may be the most eager awaited technology stock debut in at roughly ten years. Facebook, started in 2004 by Mark Zuckerberg in a Harvard apartment, is looking to raise $5 billion in this offering. The biggest IPO so far for an Internet business is $1.9 billion, that company being Google in 2004. While this should be quite an exciting event, there are many people who are critical about how this event will go down. Facebook will probably have a nice IPO, but from then on it’s tough to say what will happen. Some of the largest and recent IPOs for large technology companies like Zynga have really gone a bit sour. It will be interesting to see how Facebook fairs. One exciting thought is that it will most-likely be a great jump for Silicon Valley. Several of the Facebook people will probably take their money and start some cool new startups.
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