Facebook is all set to file papers for an Initial Primary Offering
next week ,according to The Wall Street Journal .The Facebook will float Shares worth $10 billion to the public .
The Company's share is one of the biggest share sales on the Wall Street.
The Social networking site Facebook is the
internet's most successful website. The
enlistment will see the social networking giant be worth $75 -$ 100 billion .
Facebook was established by Mark
Zuckerberg and his fellow Harvard University
students in the year 2004 . It grew very quickly and is now world's most popular site with more than 800 million active users .
Facebook makes most of the
profits trough advertising . Microsoft is Facebook's exclusive partner for
serving banner advertising. Facebook serves only advertisements that exist in
Microsoft's advertisement inventory. It also gains revenue through referral
marketing and casual games.
Facebook is private owned and operated by Facebook Inc. Mark Zuckerberg owns 24% of
the Facebook Shares. Facebook does not have to publish its accounts as it is a
private company.
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