Remember when Google went public at $100.00 a share? I thought that was a crazy amount to pay. It's now at $585.00.
I wonder what Facebook will open at and where it will go?
Google IMO is totally different from FB.
got this btw...
In its filing, Facebook lists "some" of the risks that could significantly harm its business. It doesn't say, "We could become the next MySpace," but here are the things it does list:
If we fail to retain existing users or add new users, or if our users decrease their level of engagement with Facebook, our revenue, financial results, and business may be significantly harmed;
We generate a substantial majority of our revenue from advertising. The loss of advertisers, or reduction in spending by advertisers with facebook, could seriously harm our business;
Growth in use of facebook through our mobile products, where we do not currently display ads, as a substitute for use on personal computers may negatively affect our revenue and financial results;
Facebook user growth and engagement on mobile devices depend upon effective operation with mobile operating systems, networks, and standards that we do not control. ;
We may not be successful in our efforts to grow and further monetize the facebook Platform;
Our business is highly competitive, and competition presents an ongoing threat to the success of our business;
Improper access or disclosure of our users' information could harm our reputation and adversely affect our business;
Our business is subject to complex and evolving U.S. and foreign laws and regulations regarding privacy, data protection, and other matters. May of these laws and regulation are subject to change and uncertain interpretation, and could harm our business;
Our CEO has control over key decision making as a result of his control of a majority of our voting stock;
The loss of Mark Zuckerberg, Sheryl K. Sandberg, or other key personnel could harm our business;
We anticipate that we will expand substantial funds in connection with tax withholding and remittance obligations related to the initial settlement of our restricted stock units (RSUs) approximately six months following our initial public offering;
The market price of our Class A common stock may be volatile or may decline, and you may not be able to resell your shares at or above the initial public offering price; and
Substantial blocks of our total outstanding shares may be sold into the market as "lock-up" periods end, as further described in "Shares Eligible for Future Sale." If there are substantial sales of shares of our common stock, the price of our Class A common stock could decline.
as it has filed papers to go public. Apparently, this company made $1billion dollars in profits last year. That is amazing for a company that is only 8 years old.
