Tag Archives: zuckerberg

Facebook to File IPO @ $10 Billion for a Total Valuation of $100 Billion – NEXT WEEK!

27 Jan

It’s finally happening! Facebook is going public and filing for its IPO at around $10 BILLION–the most expensive tech IPO in history, yielding a total valuation of $100 BILLION.

To put that in reference, Google’s 2005 IPO was a mere $2 billion.

Here’s more from Mashable‘s Facebook to File for IPO Next Week [REPORT].

The long-awaited tech IPO of the year — perhaps of the decade — is on. Facebook will file its paperwork for an Initial Public Offering on Wednesday, according to a report from theWall Street Journal.

If it comes to pass, this will be the largest tech IPO in history, yielding around $10 billion for the social network. The next-largest tech IPO is Infineon, a German company that raised $5.9 billion in 2000. Google’s 2005 IPO, as big a deal as it was, didn’t even reach the $2 billion mark.

SEE ALSO: Everything You Need to Know About Facebook’s $100 Billion IPO

Details are scarce, Facebook isn’t commenting, and the WSJ’s source is unnamed. But the Journal has a track record on such stories that is hard to dispute. The $10 billion share offering would yield the company a total valuation of $100 billion, the paper says, which is right in line with where we expected it to be.

Facebook halted its trading in secondary markets for three days earlier this week — the strongest signal yet that an IPO is coming soon.

An upcoming share offering would also explain why Facebook has been so keen to get its product offerings in place. This week the company announced it would be rolling out its new profile template, Timeline, to all users, at a speed that left us scratching our heads. Last week it revealed 60 apps that are tightly integrated into Timeline, and announced a process for developers to create more Timeline apps.

If and when Facebook does file its S-1 paperwork, it will be forced to enter a “quiet period” — without product announcements, interviews or any other public statements.

SEE ALSO: How Does Facebook Compare to the World’s Biggest IPOs?

The WSJ also reports that Wall Street giant Morgan Stanley will manage the offering, and that Goldman Sachs will be “intimately involved.” That’s a blow for Goldman, which managed a billion-dollar private share offering for Facebook this time last year.

Are you excited about Facebook finally going IPO, or will being a public company change it for the worse? Let us know your thoughts in the comments.

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Could ‘Watched On’ Facebook News Feed Stories Save Netflix? You’ll be the one to decide.

29 Dec

 

Spotify added MILLIONS of new users by partnering with Facebook and sharing which songs Facebook users were listening to. Additionally, partnering with Facebook even helped Spotify gain over 1.5 millon new premium, paying subscribers!

So why can’t Netflix do the same?

After a disastrous Q3 2011, Netflix stands to replace some of the 800,000 subscribers it lost. It’s savior? The Facebook news feed. Earlier this month, the House of Representatives passed a revised bill to change the Video Privacy Protection Act of 1988 to allow people to opt in to having their movie rental activity shared. This Act had delayed the Netflix Facebook app‘s launch in the US. Now the Facebook news feed is beginning to show “Josh Constine watched The Walking Dead on Netflix” stories that point back to the Netflix site. After being enticed by something a friend has watched, Facebook users might sign up and pay on Netflix.com so they can watch too.

Could ‘Watched On’ Facebook News Feed Stories Save Netflix? | TechCrunch.

The iPad gets a Facebook app, finally — Engadget #teechy

10 Oct

The iPad gets a Facebook app, finally — Engadget.

It’s finally here for the iPad and redesigned for the iPhone. No more need for 3rd party apps like MyPad+!

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