What? You don’t know about Facebook? Psych! Haha, that’d be nuts. The real thing you may not have heard of is an IPO. “IPO” is just Initial Public Offering; you know, like on the stock market. Referencing several different people inside to the company, a well-known tech forum said that Facebook officials chose May 17 as the date to fire-off their much-anticipated initial public offering. That being said, a different rep in San Jose Mercury News noted that the actual date isn’t set in stone and could easily switch to be a couple of days earlier or later than that. The social network giant’s IPO is the most eager awaited technology stock debut in at roughly a decade. Facebook, started in 2004 by Mark Zuckerberg in a Harvard dorm room, is looking to raise $5 billion in this offering. The largest IPO so far for an Internet business is $1.9 billion, that business being Google in 2004. While this appears to be quite an heralded event, there are tons of people who are skeptical about how this whole thing will occur. Facebook will probably have a good IPO, but from there out it’s difficult to know what will happen. Some of the most popular and latest IPOs for big tech companies like Zynga have really gone to the dogs. It will be entertaining to see how Facebook does. One cool thought is that it will most-likely be a good jump for Silicon Valley. Lots of the Facebook employees will probably take their lumps of cash and ignite some sweet new startups.
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