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Facebook Stock Going Public?

Posted by ryuzaki0 on from the planting-stock-in-moneyville dept.

zmaragdus writes "Facebook Inc. converted its existing stock holdings into different classes of stocks (Class A and Class B) designed to give certain shareholders more power than others. This has been typically done in an IPO of a company's stock to give important people (company founders, for instance) more clout in the actions of the company when stock is first offered to the public. While Facebook maintains that it does not plan to offer stock publicly in the near future, this restructuring is one of the critical steps in doing so."

8 of 118 comments (clear)

  1. hmm by TornCityVenz · · Score: 3, Funny

    I like this.

    --
    I Need someone to rebuild a Digitech Digital Delay pedal for me....for me...for me...for me.
    1. Re:hmm by Anonymous Coward · · Score: 4, Funny

      After scoffing when Google IPO'd at $80... and then having to watch as the stock soared to over $500... I might have to get in on this one.

    2. Re:hmm by adavies42 · · Score: 2, Funny

      http://www.rose-hulman.edu/~christ/vfecon_asee2008.pdf

      christ goes to rose-hulman? they didn't mention that back in '97 when i was there for a prospective student visit....

      --
      Media that can be recorded and distributed can be recorded and distributed.
      -kfg
  2. Who needs facebook by zlel · · Score: 3, Funny

    Who needs facebook when there's slashdot?

    1. Re:Who needs facebook by Rick+and+Roll · · Score: 5, Funny

      People who want to get laid?

    2. Re:Who needs facebook by Anonymous Coward · · Score: 1, Funny

      Slashdot likes it (thumbs up icon).

  3. Re:It would be only fitting ;) by mdwh2 · · Score: 3, Funny

    Yeah they should come over to Slashdot, it's the place to be if you want a great social life. Everyone on here are your real life friends, honest, unlike Facebook where it's all imaginary.

  4. Google nuthuggers at it again by Anonymous Coward · · Score: 0, Funny

    Here we are in a thread that has nothing to do with Google but noooo... the Google nuthuggers are out in force and have to find a way to bring Google into every single article.