Rumors all around are flying about the World’s largest social network “Facebook” going public this year with its upcoming IPO. The question here is how much the Facebook is worth about?
According to Accounting Degree Online, the company’s projected valuation is of $100 billion breaks down into the people who all owe it. The IPO going to be the biggest of any tech company in history, as earlier only three companies was able to reach that mark – AT&T (in 2000), GM (in 2008) and VISA (in 2010).
If Facebook raises $100 billion in its IPO, Mark Zuckerberg will rake in $25 billion, owing 24% of the company, that’s equivalent to 500 million users’ daily salary of $50 each. Facebook is being termed as one of the largest social networking website consisting of 800 million users i.e. one in every ten human on earth uses facebook.
Facebook is a social networking service and website launched in February 2004, operated and privately owned by Facebook, Inc. As of July 2011, Facebook has more than 800 million active users. Users must register before using the site, after which they may create a personal profile, add other users as friends, and exchange messages, including automatic notifications when they update their profile.