Today, Friday, May 18, is the much awaited — much hyped, depending on your perspective — day on which Facebook is due to make its initial public offering and become a publicly traded company on the Nasdaq.
What started as an idea among four Harvard students is set, under the aegis of CEO Mark Zuckerberg, to become one of the largest offerings ever, over and above that of Google and other tech companies.
Tempering the excitement is uncertainty about Facebook’s future profitability, especially regarding advertising and its business model, not to mention ongoing questions about privacy and users’ data, and what Facebook does with that data.
Facebook employees have been pulling an all-night hackathon and the word from CNET is that Zuckerberg, rather than traveling to Wall Street to ring the Nasdaq bell, will be in Hacker Square at Facebook’s Menlo Park headquarters to sound a ceremonial bell at 6:30 am PST (i.e., 9:30 am EST).
A few things to know about Facebook and the IPO.
Photo by codemastersnake
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