Is Facebook Really Worth $100 billion?
Today Facebook is the world’s largest social networking site with an active user base of over 750 million users making it the largest website in the world in terms of user base but, Facebook has long since evolved into substantially more than just being a website and in this article we’ll take an in-depth look at the social media giants evolution and why some are placing such a high valuation on it.
Facebook has grown so big in just seven years that going public is inevitable; the target date for their IPO is early 2012. The social networking giant currently has approximately 2.4 billion shares outstanding, according to the latest data from Sharepost, an online marketplace that links private companies and prospective investors.
Facebook has raised $2.2 billion in funding since its founding in 2004 and with estimated revenues of $4 billion for the year 2011, it is currently being valued at somewhere between $70-100 billion according to various firms.
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