Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
In reply to the discussion: STOCK MARKET WATCH -- Thursday, 2 February 2012 [View all]Demeter
(85,373 posts)7. Facebook to raise $5bn in IPO
Facebook launched the process for its highly anticipated coming-out, filing papers for its initial public offering, and revealing for the first time details of its business that it has, until now, guarded fiercely.
The offering will turn several key shareholders into billionaires, most notably Mark Zuckerberg, the companys 27-year old chief executive and co-founder, whose 28.2 per cent stake in the company could make him worth more than $22.5bn, based on secondary market trading that values Facebook at $80bn.
The company said it would raise $5bn in the offering, a figure that is likely to rise before the actual public debut, making the social networking giants listing the largest in the internet industry since Google.
Read more >>
http://link.ft.com/r/UXDMSS/B5FZZ3/XBAN6/16ZZYD/IIT0SP/50/t?a1=2012&a2=2&a3=1
Edit history
Please sign in to view edit histories.
61 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
We watched that last night. Our littlest one made a "pop-up" groundhog in school yesterday
Roland99
Feb 2012
#31
Not to mention the fact that its "product" is useless, pointless, and can be harmful
Demeter
Feb 2012
#21
Affinity fraud; Fleecing the flock: The big business of swindling people who trust you
Demeter
Feb 2012
#10
Yet More Mortgage Settlement Lies: Release Looks Broad, Not Narrow; Other States Screwed to Bribe CA
Demeter
Feb 2012
#13
Holder & Obama’s Propaganda “Belied by a Troublesome Little Thing Called Facts” By William K. Black
Demeter
Feb 2012
#14
Attorney General Champs, Chumps, and Eric Schneiderman By Abigail Caplovitz Field
Demeter
Feb 2012
#18
But, just think of how hard it is to raise a billion bucks in campaign contributions!
Fuddnik
Feb 2012
#20
Oil down 1% to $96.61/bbl. Gas prices here about $0.25 shy last summer's highs.
Roland99
Feb 2012
#33
Actually OBama is much like FDR, FDR had one advantage, a HUGE Democratic majority in Congress
happyslug
Feb 2012
#57
Obama's Democratic Congress was no where near as left wing as the Congresses of the 1930s
happyslug
Feb 2012
#59