Facebook and its founder Mark Zuckerberg have now begun steps to start trading the company publicly on the US stock exchange. This may seem a strange move to some in the internet community who follow Mark Zuckerberg’s work closely as he has always stated that he never started Facebook with the idea of it one day becoming a company, he set out with a goal of bringing the world much closer together via social interaction. As Facebook now has over 483 million active daily users globally it is safe to say that his idea has been a huge success.
With revenue totalling $3.7 Billion in 2011 and a yearly profit of $668 Million (with 85% of this revenue coming from advertising)) Facebook is a mouth-watering prospect for potential investors and Facebook ‘s Initial stock floatation (Rumoured to be around may time) is widely tipped to be one of the biggest in history. However, there are fears that by opening the website up to the stock market will mean that Facebooks creativity could be stifled as investors will look to maximise their investments further.
But Mark Zuckerberg has outlined his objectives for the company when in his Stock market announcement he stated ‘Facebook aspires to build the services that give people the power to share and help them once again transform many of our core institutions and industries,’ Clearly underlining his desire to continue the ingenuity that has helped Facebook to become an internet superpower.
One group of people are very happy with this announcement though as it is believed that around 1,000 early Facebook employees and investors are set to become overnight millionaires and are already putting together their lists of what to spend their money on. The sports cars salesman and estate agents of Silicon Valley must be rubbing their hands together already.