Facebook Likes IPOs

The $5 Billion Website

Wednesday, Facebook filed the forms necessary with the SEC for an IPO.

The IPO is hoping to raise $5 Billion and is primarily underwritten by Goldman Sachs, JP Morgan, and Morgan Stanley.

Facebook makes 85% of its revenue from advertising and nets an income of $1 Billion (in 2011).

Facebook now has 845 million active users per month!

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