FacebookThumb
As anticipated, the social networking giant Facebook filed for its initial public offering today.

Want to own some of Facebook? It’s finally going public.

The company, filed today for one of the most widely anticipated  IPO’s, (Initial Public Offerings) in years. It’s seeking to raise $5 billion.

Facebook’s official statement with the U.S. Securities and Exchange Commission notes the phenomenal use of its site: 845 million active monthly users and 2.7 billion likes and comments per day.

The statement also referred to the company’s general plans for the future, such as expanding its use in large, non-Western countries such as Brazil, India, Japan, Russia and South Korea

Under the plan, Founder Mark Zuckerberg would receive an annual executive salary of $500,000.

The company’s value is extremely difficult to pin down, but some reports estimate it to be worth a whopping $100 billion, according to the Wall Street Journal.

Promoted Stories Powered by Sharethrough
Business
Samsung's response to a customer whose phone caught fire only made things worse
Damage control is a tricky thing: One wrong move can make a small crisis exponentially worse. Such is the case for Samsung, which moved to suppress YouTube evidence that its Galaxy S4 smartphone can catch fire for no reason at all, only to have the original poster call the company out for it in a second video that received five times as many views as the first.
mark zuckerberg
Mark Zuckerberg makes $5 million donation to immigrant scholarship fund
Facebook CEO Mark Zuckerberg and his wife Priscilla Chan made a major donation to TheDream.us, an organization that works to help undocumented immigrants in the U.S. go to college.
The Latest From Daily Dot Video
Group

Pure, uncut internet. Straight to your inbox.

Thanks for subscribing to our newsletter!