Facebook is one of the best among the all
social networking sites. Facebook is said to be making concrete steps toward its
planned initial public offering, talking to bankers and getting regulatory
filings in order for a spring 2012 IPO. The company may raise $10 billion from
its IPO, representing one of the largest, according to the Wall Street Journal.
By Hayley Tsukayama LEADING THE DAY: Facebook is expected to file for its
initial public offering soon - possibly before the end of this year, Bloomberg
reported Tuesday. Citing an unnamed “person familiar with the matter,” the
report said the social.
"I would certainly think that they would be in a position to purchase any Web
2.0 companies that are providing ancillary services to them now," said Scott
Sweet.
Facebook will generate revenue of $4.27 billion this year, according to
Bloomberg, citing information from research firm EMarketer. Some $3.8 billion of
the firm's revenue will come from advertising, EMarketer said, a 104% hike from
2010.
Speculation has even linked Facebook to embattled handset maker Research in
Motion(RIMM), although Enderle says that the social networker should focus on
its core Internet competencies.
Just as the Facebook IPO speculation was saturating the technology mainstays,
Mark Zuckerberg posted a rare message to announce the settlement reached between
the social media giant and the Federal Trade Commission.
"Twitter would be possible [as an acquisition target]," said IPO Boutique's
Sweet. "I think it would be post-IPO."