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Mark Zuckerberg Disclose That Facebook Will Not Go Public |
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Written by Users Idea
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Monday, 30 November 2009 |
Facebook is one of the most successful social media platforms on the internet, whereby this particular web portal has managed to achieve success in just 2 short years. Up until recently, there has been speculation that the creator of Facebook might want to go public.
Nevertheless, Mark Zuckerberg has disclosed that the company does not plan to go public at the moment. On the other hand, the company has manage to raise an approximately $600 million dollars in investment since its establishment. One of Facebook’s largest investors is none other than the Russian Internet investor Digital Sky Technologies, which has in fact, purchased 2 percent of the company’s stock for a whopping $200 million. With the company’s move to purchase part of Facebook stock, analysts have estimated that the true value of the company to be at $10 billion dollars.
Personally, I believe that Mark Zuckerberg should wait a little longer prior to moving their business to the public level. Of course, Facebook is one of the most recognized social media platforms on the internet, but surely, this particular platform is pretty much untested over time. We’ve already seen a fair share of failures for such internet solutions, and hopefully, Facebook could revolutionize their business to something more marketable.
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