Quantum Windbag
Gold Member
- May 9, 2010
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Which means they will make about a million people poor. When are we going to stop this income inequality and force people to work for free after they make to much?
Facebook IPO to create over 1,000 millionaires
In financial circles and across the web, for a long while now much chatter and speculation has been geared towards Facebook filing for an initial public offering (IPO). At this point and time, it seems an IPO is not a matter of 'if', but 'when' the social network giant will file with the U.S. Securities and Exchange Commission. The valuation estimates of Facebook when it does go on the open trade market keep going up. In January 2011, estimates jumped up to $50 billion, however current expectations are aligning with a figure closer to $100 billion. According to Reuters, when Facebook does file for an IPO, it will create "at least a thousand millionaires." This will top any other company publicly coming out of the Silicon Valley, including the mighty Google Inc.
Facebook IPO to create over 1,000 millionaires