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Facebook Expected To Go Public Next Week

Posted by timothy on from the lotta-new-millionaires dept.

First time accepted submitter foozie writes "Many credible sources, including Forbes and CBS, say that Facebook will finally IPO next week, raising about $10 billion and valuating at $75 billion, almost three times the valuation of Google at the point of their IPO in 2004. This shift raises questions about how the new ownership will affect the company's ability to innovate and remain on the forefront of social media."

2 of 192 comments (clear)

  1. RTFA by Anonymous Coward · · Score: 5, Informative

    It won't IPO next week. It might *file* for it. Sigh.

  2. Timothy You Dolt by Anonymous Coward · · Score: 5, Informative

    This headline and summary are totally incorrect. The story is that Facebook is going to FILE for an IPO, which is a big difference from actually going public. It will be months before that actually happens. For any gullible readers, you won't be able to buy or sell FB shares next week.

    Once again, come to slashdot to see news stories mangled up beyond recognition by incompetent editors.