Facebook, the behemoth social network with over 850 million users around the globe has finally filed to go public.
The offering will be the largest ever, surpassing Google's in 2004. The company will go by the ticker "FB" later this year and the major banks Morgan Stanley, JP Morgan and Goldman Sachs are the underwriters.
In their S-1 document, the social network reveals it had revenue ... [ read the full article ]
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It's only going public so the people who have sued him for ownership, can't sue him for ownership anymore.
Very few people will ever get a look in to be able to get a share your probably looking at the $200 $300 range for 1 share and you probably need to buy 100 shares etc to make it worth while to a broker to do the trade.
Apple shares are $450 each at the moment, again the same problem.
Historically Apple hit peaks and valleys in it's stock. I feel, while FB is the "in" thing, it will be replaced in the near (3-5 years) future by something better. Look at Yahoo, AOL, Netscape for stock performance to revelance and see the high Dollar per share opening fall way down.
I do give Apple credit in regaining the preimium price of it's stock from where it was in the 90s. Time will if FB can pull the trick off and stay on top.
