*Breaking News: Facebook Files $5 Billion IPO

zuck bill

(hubze) As expected Facebook just filed the initial documents for their IPO (Initial Public Offering) in the amount of $5 Billion!!!

That’s alot of crops on Farmville!

If they raise the $5 billion it will be one of the largest tech IPOs ever for sure.

According to Morgan Stanley, who will be acting as the lead underwriter, shares are expected to go on the market in May

Many are crazy excited about this. I’ll be honest in the fact that it doesn’t make a difference to me. As long as the site continues to function I could care less. My fear is that this public offering could signal a change in direction for the company.

Will having shareholders force Mark Zuckerberg to do things with the site that cause it to not be as social? Will that mean more ads? Will they start to charge businesses to have pages? (Something I’m actually on board with. Would eliminate alot of spam and garbage fake pages.). Will there be account levels that you can upgrade to?

All of that is just me guessing, but when you have shareholders you also have 5 billion reasons to now make it more profitable..

*If you’re a geek and want to see the full filing with the SEC go HERE.

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