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Poll: Is Facebook Worth $100 Billion? Will IPO Be a Steal or Start of a Slide?

Some on Wall Street think Facebook’s initial public offering of stock is latest dot-com hysteria.

No doubt Facebook has changed lives—more than 900 million, in fact. But with its initial public offering of stock on Friday, the social network founded by Mark Zuckerberg in his Harvard dorm room has raised stratospheric expectations.  The 8-year-old company’s valuation would top $100 billion, according to Wall Street. Is this an omen of wild profits to come or the latest Sign of the Apocalypse?  Remember the dot-com bust?

Things I Learned May 15, 2012 at 03:09 pm
"In 2011, billionaire Facebook co-founder Eduardo Saverin relinquished his U.S. citizenship and joined nearly 1,800 other Americans to do it last year — up from 235 in 2008.
Saverin, 30, a Brazil-born resident of Singapore who helped launch Facebook with his Harvard schoolmate Mark Zuckerberg, reportedly renounced his U.S. citizenship in September before the company announced its planned initial public offering of stock. Owning an estimated 4 percent of Facebook, he stands to make $4 billion when it goes public.... Those in the expatriate community said that although Saverin’s move was likely a financial one — he paid an exit tax on the capital gains from his Facebook stock but the stock is now tax-free — they said expatriates who gave up their citizenship were driven by other factors. Phil Hodgen, an international tax lawyer in Pasadena, Calif., said that since 2009, when more than 150 U.S. customers of Swiss banking giant UBS were investigated for alleged tax evasion, the IRS had been going after Americans abroad with foreign bank accounts with a vengeance. He said that in the last three years, new and old rules had created an enormous amount of resentment — and paperwork expenses — for expatriates. “It just ended up wreaking unfairness and grief on ordinary people,” Hodgen said. http://abcnews.go.com/blogs/business/2012/05/facebooks-eduardo-saverin-joins-americans-renouncing-citizenship/
Steven Bartholow (Editor) May 15, 2012 at 04:42 pm
I hear it could easily reach $150 billion...

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Komfort June 16, 2013 at 05:34 pm
http://www.cbs8.com/story/22605287/firefighters-battling-brush-fire-in-tierrasanta
Steven Bartholow (Editor) June 16, 2013 at 06:10 pm
Komfort June 16, 2013 at 06:14 pm
Thanks Steven!
Betty June 12, 2013 at 05:15 pm
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Steven Bartholow (Editor) June 10, 2013 at 03:20 pm
I've gotten no updates lately. I'll check with some folks at the council meeting this week.
Matthew T. Saadeh June 10, 2013 at 07:32 pm
That'd be great, thanks so much Steven!
Komfort June 15, 2013 at 05:43 pm
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Retha Knight June 16, 2013 at 10:33 am
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Mary June 16, 2013 at 07:35 pm
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Simon's carpet care June 11, 2013 at 07:20 am
So you just want the carpet for a few years?
Simon's carpet care June 11, 2013 at 07:22 am
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