Facebook is expected to bring its stock to the public for the first time Friday, with shares priced at $34 to $38 each, CNN.com reports.
That would put the company's valuation around $81.2 billion on the day of its IPO, according to the report.
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But in order for Facebook stock to grow, it depends on new revenues coming in to Facebook. Since users pay nothing, will Zuckerberg start charging a fee? Will Facebook start putting in lots of pop up advertisements? Mark Zuckerberg will making $45 Billion dollars today and he just turned 28 years old. This could turn into another stock bubble where the one percenters will get rich and the rest of us will lose.
Consider that and the fact that GM has pulled its advertising. How long before other major advertisers pull their advertising? How does Facebook make any money without the advertisers? They sell access to the site, that's how. I don't see Facebook going anywhere but down.
I highly doubt Mark Zuckerberg will start charging a fee to FaceBook users. Why bother? He makes TONS off the advertising already in place.
Facebook investors lost $29 Billion dollars in one day. Facebook stock peaked at $42 on Friday and is $32 three days later. While Mark Zuckerberg made $45 Billion dollars, the public was ripped off. Facebook Co-Founder Eduardo Saverin moved to Singapore and renounced his U.S. Citizenship to avoid paying $1 Billion in taxes. These One Percenters should face prison fines. Follow the money.