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The Social Network

Facebook gets greedy with IPO

February 5, 2012 by Archived posts 3 Comments

By Kimberly Treloar |Staff Writer| Perhaps it’s time for Zuckerberg to create an “unlike” button on Facebook so that users can show him how they really feel about him putting his greed over his users’ comfort and security. Last Wednesday, Facebook began the process of filing paperwork that will take their company public in what is called an initial public offering (IPO). This public offering means that the company will allow people to invest into Facebook by purchasing shares. Shares will start at $100 a share on opening day,  which has yet to be determined. The price of a share at the announcement of the IPO was $46. With an estimated 845 million users, Facebook is looking … [Read more...] about Facebook gets greedy with IPO

Filed Under: Opinions Tagged With: Facebook, Facebook stock, IPO, Kimberly Treloar, Mark Zuckerberg, Status Change, The Social Network

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