So the big news is in – Facebook’s long-awaited Initial Public Offering (IPO) will happen this Spring. The company will offer at least $5 Billion worth of stock to the public, and be totally valued at somewhere between 75 and 100 billion dollars.
Facebook owes its success to the affection and loyalty of some 720 million ordinary people around the world who are Facebook fans. So it seems very ironic that Facebook’s stock offering is about to create truly extraordinary wealth for a tiny cadre of company insiders and Wall Street bankers and investors. Continue reading
