Stat of the Week: Facebook’s IPO (OMG!)

10 Dec

How rank-and-file Facebook employees celebrate?

According to Reuters, Facebook’s initial public offering could create at least a thousand millionaires at the world’s No. 1 online social-network company.

The Dec. 8th report continues: “The most anticipated stock market debut of 2012 is expected to value Facebook at as much as $100 billion, which would top just about any of Silicon Valley’s most celebrated coming-out parties, from Netscape to Google Inc.

While weak financial markets could postpone or downsize any IPO, even the most conservative market-watchers say Facebook seems destined to set a new benchmark in a region famous for minting fortunes, with even the rank-and-file employees reaping millions of dollars.”

 

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