5 Things To Know About Facebook (Slideshow)

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.



Shares of Facebook stock are to go sale for $38, meaning that the initial valuation of the 8-year-old social networking company is $104 billion, meaning that it will be worth about the same as Amazon.com and more than Disney.

Photo by jvc via Flickr



If you’d like to buy a share of Facebook, it will actually cost you more than $38 due to service fees charged by various websites, not to mention the price of a frame should you wish (as many people do, notes the Los Angeles Times) to give it as a graduation gift rather than hang it on your wall.

Photo by woody1778a via Flickr


421.2 million Facebook shares valued at $38 each having sold on Thursday, Zuckerberg is now worth $19.1 billion and is therefore the 29th richest person in the world (after Microsoft’s Bill Gates, Oracle’s Larry Ellison and New York City mayor Michael Bloomberg).

Photo by Eva the Weaver via Flickr


To get an idea of what $104 billion can buy you: Zuckerberg dropped out of Harvard in 2004 to focus on Facebook, thereby saving his parents much in tuition money and making enough to pay now for 512,587 students to complete the four years of their Harvard education, notes Bloomberg.

Photo via Wikimedia Commons

Piggy Bank


Think about all the information you’ve inputed into Facebook, including photos and your most personal thoughts and anxieties in a status update here and there. For your data (your personal information), Bloomberg calculates that Facebook’s $104 billion valuation is enough to pay $115.43 to each of its 901 million users.

Not, of course, that anyone ought to expect to get a credit from Facebook in our Paypal accounts: it’s free, of course, to join and use Facebook, but it does have to make money and it is not your friend but a business — and, by the time you’re reading this, now enshrined as FB on the Nasdaq.

Photo by 401K via Flickr

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Would You Pay To Use Facebook?

Photo by codemastersnake

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Jane R.
Jane R.3 years ago

Are we supposed to care? This information doesn't do anything for me.

Patty L.
Patty L.3 years ago

never input truly personal info nor list as public. also, leery of apps that communicate all activity..

Lost Account
Past Member 3 years ago

I don't want to know anything about them!

Debbie L.
Debbie Lim3 years ago

So much money...

Dee D.
D D.3 years ago

Well......thanks for the story

Rose Becke3 years ago

same here Rosalind

Kathy Perez
Kathy Johnson3 years ago


Nora Hetrick
Nora Hetrick3 years ago

as it is said nothing is free so we pay one way or another wether it be real cash money or other wise!!

Rebecca S.
Rebecca S.3 years ago

@George...ummm fb does allow advertising, that is how they make their money....

George Boggs
George Boggs3 years ago

Facebook will go down the drain as soon as they allow advertising.