Facebook creates a dual stock structure, but denies that it ’signals’ an IPO

Filed under: Google , Facebook Facebook has taken a key step toward selling itself to public investors. Although the world’s largest social network insists that the move doesn’t mean the company is planning to go public, it’s clearly designed to allow the current owners to maintain control of Facebook if it does go for an initial public offering. Founded in 2004 in a Harvard dorm room, Facebook has been valued as high as $20 billion during the go-go years of the Web 2.0 bubble. Since the financial meltdown and recession, that valuation has dropped below $5 billion and hasn’t been able to break $10 billion. Continue reading Facebook creates a dual stock structure, but denies that it ’signals’ an IPO Facebook creates a dual stock structure, but denies that it ’signals’ an IPO originally appeared on DailyFinance on Tue, 24 Nov 2009 17:20:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

Excerpt from: 
Facebook creates a dual stock structure, but denies that it ’signals’ an IPO

Tagged with: a-friend-via • bank of montreal • bankofmontreal • current • diners-club • dinner-at-major • facebook • initial public offering • initial-public • largest-social • meltdown-and • network-insists • north • the-financial • toward-selling

Filed under: Business News

Like this post? Subscribe to my RSS feed and get loads more!