Friday, May 18, 2012

Facebook Friday

  This is Facebook Friday, as described on early morning business shows. Facebook (FB) symbol begins trading publicly at 8 AM on the NASDAQ. The initial public offering price is $38 per share. The question is, what will the stock close at by the end of the trading day. What do you think?
   In Menlo Park, the Headquarters for Facebook, 500 employees pulled an all-nighter called a Hackathon. They served Red Bull and Chinese food to the employees. They even have an area outside called Hacker Square.
    Some feel that because it is a social network that people who use it will want to own it, and that makes it a multi-billion dollar initial public offering.

No comments: