Transcript for Facebook Going Public?
One of the most highly anticipated IPOs of the decade after years of speculation the -- on Wall Street is that FaceBook. The world's largest social networking service is preparing to file paperwork for an offering as early as this week. So in addition to power spent on the site all day you could actually own a piece of it as well but should you. And just how much money are those twenty something founders going to make. First FaceBook the numbers are always staggering. 800 million -- 250 million photos uploaded per day 780 billion minutes per month spent on the site. But the looming unknown number how -- they only -- -- -- Billion dollar valuation. No I 100 billion dollars that's how much sources familiar with the company are estimating it could be -- Putting it among the -- Amazon.com. Bank of America and -- -- We'll Facebook's like he'll be the biggest IPO in American history probably not but it certainly the fight all our -- -- -- better technology IPO. We've ever seen. And I PO would also make its founder 27 year old Mark Zuckerberg -- -- -- third richest person on -- And one of the world's youngest billionaires worth. Estimated twenty billion dollars and then there are the 1000 FaceBook employees set to become newly minted millionaires overnight. Many also in their -- when he today it's an integral part of most Americans lives along the way it's become the engine behind everything from reunions to revolutions. The way we think about what we're hearing is that there's this incredible movement on the Internet towards people being empowered to share what they want on. And to stay connected with people. So should you like FaceBook stock in and best when it's available. Many also have their doubts about when it went public in 2004 the stock fell 84 dollars. Today it's selling 580 dollars a share FaceBook has already made these baby billionaires I couldn't help make you rich to. The best advice for the ordinary investors probably just stay on the sidelines enjoy the headline. Look it is a historic event and nothing more.
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