Thursday, February 02, 2012

WALL STREET - Facebook IPO

"Facebook IPO: Putting a Value on Social Media Giant" PBS Newshour 2/1/2012

Excerpt

JEFFREY BROWN (Newshour): From its founding in 2004, that recently, Facebook has grown into a worldwide phenomenon, now with more than 800 million users.

It's the place to gather online friends, share your photos, likes and dislikes. It's been seen as a potent tool for democratic change and slammed for making too much of our private lives public.

Now what started as a small social hangout conceived in a Harvard dorm could become one of the largest public offerings of a company in history. Today, Facebook filed papers with the Securities and Exchange Commission to raise some $5 billion and take the company public.

To walk us through all that, we turn to Nate Elliott, principal analyst for interactive marketing at Forrester Research. He joins us from the NASDAQ market site studios in New York. And Steven Levy is a senior writer at Wired magazine.

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