RSS LinkedIn Google Plus

Call us: 0800 014 9884

Facebook files for an IPO

Facebook_files_for_an_IPO_11561

Facebook and the $5 billion IPO

In a bid to raise $5 billion (£3.16 billion), Facebook has filed for an IPO which will allow members of the public to purchase shares in the social network.

Previously, Facebook has preferred not to release public shares as the majority of shareholders were employees. However, Facebook COO Sheryl Sandberg stated at the Reuters Global Technology Summit in May 2011 that an IPO would be “inevitable” for the company. This transition has been made easier as staff have been selling their Facebook shares over time.

Within the Facebook S-1 – the IPO registration statement – founder Mark Zuckerberg stated: “Facebook was not originally created to be a company. It was built to accomplish a social mission – to make the world more open and connected.” He went on to say: “Simply put: we don’t build services to make money; we make money to build better services.”

From Zuckerberg’s comments, it appears that the $5 billion Facebook hopes to receive from the IPO will go towards improving the social network for both its present and prospective users. Within the Facebook IPO registration form, the social network’s ambition to reach all two billion internet users was made clear, and its multi-billion dollar boost could help it create better services for countries just beginning to sign up to the site.

Facebook shareholders

The announcement of the Facebook IPO also revealed the amount of stock owned by certain employees, investors and Mark Zuckerberg. The founder has the largest number of shares, worth 28.2 per cent of the company. He is followed by investor Accel, Accel partner Jim Breyer and Facebook co-founder Dustin Moskovitz.

Daniel Nolan, managing director at theEword, said: “The Facebook IPO is set to be a profitable move for Mark Zuckerberg. Despite releasing some shares and relinquishing a small amount of power in the company, Facebook will receive $5 billion to help improve the social network and increase its number of users.”

Written by lauren_knowles_swapLauren Knowles

Testimonials

"theEword soon became an essential extension to our internal online marketing team."

~ Screwfix Bathrooms ~

  Screwfix Bathrooms

"We are extremely happy with the online visibility achieved through SEO and PPC."

~ Pure Student Living ~

  Pure Student Living

"theEword has consistently produced great results; very happy with the service."

~ Parasol ~

  Parasol

"theEword team has excelled itself in terms of client service, campaign measurement and responsiveness."

~ Linder Myers ~

  Linder Myers

View more of our testimonials »

Spotify and Uber join forces Tuesday 18th of November, 2014by Andy Williams Spotify and Uber have announced a collaboration which will let Uber users ‘become the DJ’ when making a journey by using the music streaming service.

More on this story »

Google to start labelling mobile-friendly sites Wednesday 19th of November, 2014by Dan Moores Google has announced that it will add the label 'mobile-friendly' to sites that are easily navigable on smartphones, in an effort to further improve the search experience for mobile users.

More on this story »

Google settles online abuse case Monday 24th of November, 2014by Martin Lindley Google has reached settlement with a businessman who was the victim of a sustained act of internet trolling. The search engine may have linked to over 3,600 pages of malicious content.

More on this story »
theEword - 3 days ago

Thanks again to everyone who came to #LightAFire14 this week. Read all about the event in this blog post: http://t.co/ka7Nnu4rsx

Reply Retweet Favourite
theEword - 6 days ago

Nothing like a nice cosy fire and a hot chocolate to warm up your Wednesday #LightAFire14

Reply Retweet Favourite

theEweekly Wrap: 14 Nov Thursday 13th of November, 2014by Dan Moores This week: Instagram introduces typeahead search, Spotify says it does fight piracy, and Sainsbury's Xmas ad is a YouTube hit.

More on this story »

theEweekly Wrap: 21 Nov Friday 21st of November, 2014by Martin Lindley This week: Google uses giant billboard, Facebook launches groups app, and Couple get TripAdvisor fine.

More on this story »

The final Light a Fire of 2014 Friday 21st of November, 2014by Dan Moores For the fifth and final Light a Fire of 2014, Liane Grimshaw joined Dan Nolan in the cosy Library room at the Great John Street Hotel, sharing career anecdotes and wise advice.

More on this story »

Who loves theEword

Who loves theEword Who loves theEword