Get ready for a whole new Facebook in the next couple of weeks. Facebook shares will be gobbled up by public investors as people scramble to buy a piece of the company that has revolutionized basic communication. Earlier this year Facebook filed paperwork for an initial public offering with the Securities and Exchange Commission. This much anticipated IPO is set to become the biggest Internet IPO since Google.
Over the past several weeks the bigger question was being floated around from investor to investor, when is Facebook’s IPO or initial public offering date? Or in laymen terms, when will Facebook stock start trading? Yesterday, the answer was finally revealed. According to various reports including the Wall Street Journal, Forbes Magazine and Yahoo News Facebook will set a IPO date for May 18th, 2012. This means the company will be a publicly traded stock exchanging hands on the Nasdaq this day. If all goes according to plan.
Mark Zuckerberg, the founder of Facebook, must be quivering with anticipation of both dread an enlightenment as this IPO nears its set date. The company that Zuckerberg built which started in his early days as a Harvard computer science major will be thrust into the world of public transparency and accountability. Zuckerberg will have to answer to shareholders, have to explain and justify quarterly sales numbers, disclose financial records and layout plans for revenue growth. Many of these duties Zuckerberg might be feeling neutral about.
The good news is Facebook is set to raise possibly over 10 billion dollars as a company and have a valuation of around 80 to 100 billion. Facebook and Zuckerberg will be doing some last minute presentations to investors in several major U.S. cities like New York, Boston, San Francisco and Chicago. Facebook will be beefing up their popular product which now has exceeded 900 million registered users. What investors probably want to know is where Facebook plans on going from here.
One thing is for sure Facebook might have some unique revenue making ideas brewing in their creative labs. Check out the sponsored stories idea and how it could generate revenue for the company.
Meanwhile its still unclear when Facebook will make the mandatory switch to their new Timeline for all active users. Initially they had mentioned that users would be switched to Timeline within a few weeks. But that announcement came back in February. So here we are May 2nd, 2012 and we still have no idea when exactly Timeline will supplant the old profile page for users. Brand pages have already made the permanent switch.
I’m just wondering if Facebook is waiting for the IPO date to pass and some settling down in the stock price before making the move to deactivate the old profile pages. Looks like we will have to wait patiently and see what happens.
If you have switched to Timeline or just waiting to switch you’ll find over 70 Facebook Timeline Cover posts on the Tweeting blog. There are posts about almost every main category you can think of. All the Covers are free to download an upload on your Timeline.
Scroll through the categories on the right of this page on the Tweeting blog and find Facebook Timeline Covers to see all the posts related to this topic.