Facebook Files for IPO

Facebook’s IPO filing not only made a statement as the largest for any technology company but a glimpse into their earnings shows their attention to detail. In 2011, FB reported a net income of $1 Billion. Not $950 million or $1.2 Billion. Perhaps it was a shout out to Justin Timberlake’s famous line from “The Social Network,” but the facts remain, they are very much in control. Not only will Mark Zuckerberg become one of the wealthiest men in the world, nearly 1,000 employees are expected to become millionaires overnight. Who would’ve thought playing farm games all day could be worth so much!

Created By: MBA Online