Cap Set Alto
The Only Facebook Number That Matters: $104.2 Billion (readwriteweb)
Facebook became a $104.2 billion company Friday in much the same way it became the world’s biggest social network and a cultural game-changer: by stubbornly forging ahead despite criticism and calls that it couldn’t be done. Last week, rumors turned into full-blown financial news stories that the initial public offering was getting a lukewarm reception in road-show presentations to investors in New York City, Boston and Palo Alto, Calif. CEO Mark Zuckerberg was criticized for wearing his trademark hoodie to the event in New York and skipping the event altogether in Boston, and some analysts said Facebook could open with a value as low as $75 billion. And yet, by this week Facebook had raised its expected share price and was making more shares available to meet demand. By the close of markets Thursday afternoon, Facebook had set its opening share price at $38 (after considering levels as high as $40). Whatever happens in trading today, Facebook will be the third-largest IPO in history and will net the company $16 billion. “It shows tremendous confidence in the guy wearing the hoodie,” Erik Gordon, a professor at the University of Michigan’s Ross School of Business, told Bloomberg. ...
Sueña Alto 2.Sub español cap 1 2/5