Papers for Facebook's initial public offering could be filed as early as this week, with a possible IPO target set for sometime between April and June. According to WSJ, FB could raise as much as $10 billion, with the value of the world's biggest timesink coming in at between $75 billion and $100 billion. That would make this one of the biggest debuts for a U.S company. $100 billion would make Facebook worth about the same as McDonald's.
WSJ says that a $10 billion Facebook offering would put the company in fourth among U.S. IPOs, coming in right under Visa, GM and AT&T. It would be the largest internet offering ever, eclipsing Google's $1.9 bilion back in 2004.
We'll see if Facebook is even profitable. If even a small chunk of the 800 million Facebook users are buying virtual goods in games, they have to be making a fair bit of money.
Dale North is Destructoid's Editor-In-Chief, a founding editor, and specialist in Japanese gaming. An accomplished musician, Dale was reporting from Japan during the earthquakes of 2011. Luckily, he got the fuck out alive and is home in America now with his wife and beloved corgi, Einstein. Dale is also a co-founder of Destructoid's sister anime site
Japanator. Likes Corgis, Sega Saturn, PSP, iPhone, Photographic tools.
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Contest:
11:00 AM on 01.30.2012 | 
Because that's why they don't use it. Not because they don't have any friends.
That is sobering.....
I am a little concerned at this being overvalued. $75 billion dollars? Possibly upwards of $100 billion? Yeesh, I just do not know. The one issue with the internet offerings is how do we measure their value, what are they actually worth, and potential for growth. I can potentially foresee in the long run the value of the company to decrease. The short term gains will probably be crazy, but this is not a stock I would hold on to for long. If sites like Myspace, Yahoo, and AOL are any indication, then a website/service/etc. can quickly lose value by changes that are hard to predict, but almost eventual. The big question is can Facebook even turn a profit? Time will tell.
i only used it for 3 people and i don't even use my true name or any information regarding myself.