Ok, so the big news is that Facebook got additional funding, today - to the tune of US $500 million in capital, but guess what friends?, we're hearing that an IPO may not be imminent...
Why?
Well, according to, Wall Street Journal (WSJ) Blog post,"Facebook IPO: Could Zuckerberg Be a Permanent Holdout?", as long as Facebook can get private investors (Digital Sky Technologies and Goldman Sachs are the ones funding this deal), they won't need to go public to get funds to expand (their virtual and physical infrastructure), hire new developers, engineers, develop new applications, etc.
...The above article claims that private investors are so-enamored by Facebook, that they are lining up to fund the 6-year old company.
(Facebook is now valued at a whopping US $50 billion!)
So, those of us who were hoping to get a few shares of Facebook stock...faghget it! (Jamaican, meaning, forget it).
("Fahget it!" is a statement made famous by former Jamaican Prime Minister, PJ Patterson).
Yeah, the pundits say that Facebook will probably go public after 2012...but hey, if you're a privately held company and you can get all the funds you need that way, whilst keeping your financial information a secret from competitors...why go public?
I say to Facebook, I love what you have to offer...
Sure, I'd love to own a part of you, but hey, if you continue doing what you're doing (giving me a convenient and easy way to keep in touch with family, friends and clients), I don't care if one man owns you all by himself (which the SEC would frown at, anyhow :))...
...As long as you continue to give me great service, Facebook, I'm with you all the way!
I lub (love) you Facebook!♥...smoochie...woochie...kisses♥. :)
That's why you're valued at $50 billion, cause 500+ million people across the globe, lub you too! kisses♥ :)
(I would like to thank LeStudio1.com for the use of their photo of Mark Zuckerberg, Facebook founder, beside the Facebook logo).
Gillian
Sources Include
1) Post, "Facebook IPO: Could Zuckerberg Be a Permanent Holdout?", by Shira Ovide, WSJ Blogs: Deal Journal, January 3,2011
2) Article, "Goldman Offering Clients a Chance to Invest in Facebook", by Susanne Craig and Andrew Ross Sorkin, DealBook.NYTimes, January 3,2011
3) Facebook statistics, via Facebook Press Room, accessed January 3,2011
4) Article,"Update: Facebook may be considering IPO after 2012" September 28,2010
5) Post, "500 Million Stories" by Mark Zuckerberg,The Facebook Blog, July 21,2010
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