Facebook has become the biggest social networking Internet phenomenon of the era. People, businesses, schools, universities, charities, governments, and well just about everyone wants to have a place on Facebook. Many middle aged baby boomers who were raised with the conviction that medical degrees and law degrees were a sure path to wealth in America are jealous of Bill Gates of Microsoft's lessons for Mark Zuckerberg's era that things are changing and the Internet and computers are where it's at now. And Internet chatting on Facebook is not just fun and games, it is big business.
Bill Gates has been a visionary who was ahead of his times and the Internet frenzy across the entire world has proven his vision right that humanity would never get over what high technology and the Internet has to offer. Facebook founder CEO Mark Zuckerberg learned these lessons well and came up with the most successful social networking site of the Internet era, Facebook. Now there is news Facebook may be planning to go public.
Jennifer Van Grove has reported for Venture Beat "Facebook’s New Year’s resolution: Go public." There are rumours that Facdebook is planning an IPO between April and June of 2012. Apparently Facebook will be looking to raise $10 billion at a $100 billion valuation through the offering. According to a new Wall Street Journal report Facebook is already in talks with the Securities and Exchange Commission about timing for this IPO.
Facebook has not yet selected bankers to underwrite the offering and CEO Mark Zuckerberg does not appear to have made any final decisions yet. If and when Facebook does go public as anticipated this could be one of the most exciting public offerings on Wall Street in a long time.
