Facebook hit its 300 million users milestone quite some time ago and might soon take over the number 2 position in the world wide web. It is by far the world’s largest and most successful social-networking site.
Adding to the “wow” factor, Facebook is currently worth $9.5 billion – 10 times more than Twitter, which is currently facing stagnant growth.
More from Bloomberg:
“Facebook shares are currently selling for about $21 each at SecondMarket, said Adam Oliveri, managing director at the New York-based company. That’s up from $14.77 in July… At $21 each, Facebook’s common shares are valued at about $9.5 billion…”
“Facebook, the most-popular social networking site, may sell stock through an initial public offering in the next 12 to 18 months, said Paul Bard, an analyst at Renaissance Capital LLC.
“The fact that the stock on these private exchanges moved — I’m sure that has to do with the fact that people think a deal is coming sooner rather than later,” said Bard.”
What would Facebook do with the proceeds of its common shares if this was true?
