Facebook Net Worth is$53 Billion
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deserves the money?
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Nicknames: facebook.com
What is Facebooks net worth? Facebook is an American based social networking technology company that has a market cap and net worth of $53 billion. Facebook was founded by Mark Zuckerberg while he was a student at Harvard University in 2004 and has since grown to have over 900 million members. People are able to create personal profiles on the site Facebook.com and then upload photos, share news stories, stay in touch with friends and much more. The company has been private since its founding but in May 2012 it will go public in what may be one of the biggest IPOs in many years. In the IPO, Facebook is hoping to raise $10.6 billion by selling 337 million shares priced between $28 and $35 per share. Several notable Facebook insiders are expected to sell many shares with the IPO. CEO Mark Zuckerberg is selling 30.2 million shares which should net him $1.057 billion. He will still own over 500 million other shares that he will not sell in the IPO and will give him a net worth of roughly $16 billion. ***Update*** As of 10 am on May 17th, Facebooks net worth is $112 billion based on a price per public share of $41. Related Facebook Articles: Facebook IPO Will Make U2s Bono a Billionaire Facebook Graffiti Artist Who Took Stock Instead of Cash Now Worth $500 Million! Winklevoss Twins Will Make An Insane Amount off Facebook IPO
Facebook is a social networking service and website launched in February 2004, owned and operated by Facebook, Inc. As of May 2012[update], Facebook has over 900 million active users, more than half of them using Facebook on a mobile device. Users must register before using the site, after which they may create a personal profile, add other users as friends, and exchange messages, including automatic notifications when they update their profile. Additionally, users may join common-interest user groups, organized by workplace, school or college, or other characteristics, and categorize their friends into lists such as "People From Work" or "Close Friends". The name of the service stems from the colloquial name for the book given to students at the start of the academic year by some university administrations in the United States to help students get to know each other. Facebook allows any users who declare themselves to be at least 13 years old to become registered users of the site.
Facebook was founded by Mark Zuckerberg with his college roommates and fellow students Eduardo Saverin, Dustin Moskovitz and Chris Hughes. The website's membership was initially limited by the founders to Harvard students, but was expanded to other colleges in the Boston area, the Ivy League, and Stanford University. It gradually added support for students at various other universities before opening to high school students, and eventually to anyone aged 13 and over. However, according to a May 2011 Consumer Reports survey, there are 7.5 million children under 13 with accounts and 5 million under 10, violating the site's terms of service.
A January 2009 Compete.com study ranked Facebook as the most used social networking service by worldwide monthly active users.Entertainment Weekly included the site on its end-of-the-decade "best-of" list, saying, "How on earth did we stalk our exes, remember our co-workers' birthdays, bug our friends, and play a rousing game of Scrabulous before

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Posted: July 24, 2014, 4:45 pm
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