INCLUDES: ARTICLE; KQED AUDIO; PBS NEWSHOUR VIDEO
Facebook CEO announces his company's plan to go public (credit: Justin Sullivan/Getty Images)
When Facebook filed for an Initial Public Offering (IPO) in February, Mark Zuckerberg wrote a public letter outlining Facebook’s mission: to bring the world closer together. With the additional investment money that an IPO would bring, he explained, Facebook would have the resources to better reach that goal.
Or, to put it another way, when Facebook goes public, it stands to make a whole lot of money. IPO’s can be a good way for companies
to have access to a lot of funding fast, Continue reading
INCLUDES: ARTICLE AND KQED AUDIO; INVESTOPEDIA VIDEO
Credit: Scott Beale / Laughing Squid
Since 2004, when Mark Zuckerberg launched the first version of Facebook from his college dorm room, the company has been privately-owned. That means that only a handful of people – Zuckerberg, a bunch of his early co-workers, and a few private investment firms – owned shares (parts) in the company. This February, though, Facebook announced it was going “public,” which opens the door for outside investors to start thinking about buying into it. Continue reading