Facebook considers going public

By Christian Allen, News 20 at Five

For the first time ever, there’s much anticipation about Facebook considering going public. CEO and Founder, Mark Zuckerburg is projected to be worth $24 billion if selling shares to the public becomes a reality for daily users. Recording artist, Drew Jenkins says Facebook for him is a great promotional tool.

”Facebook going public for me as an artist is a big help because I have access to about 6,000 people worldwide through my Facebook page. So I have people in France, Iran and Norway listening to my music and see my music videos through Facebook,” Jenkins said.

The social-networking company would be ranked among the largest public companies in the world, alongside major businesses such as McDonald’s and Bank of America. Facebook’s value is set to range anywhere from $75 billion to $100 billion.

Facebook is estimated to make $5.7 billion alone in ad revenues this year. Many aren’t considered about privacy but more about making money which has become an intrical part of life.

Facebook is currently in the process of filing paperwork that would deem the site a public company. This will result in more advertising and coupon offers available to its users. David Marshall, a graduating senior in the school of business, explains his perspective.

“I think it’s great, it did wonders for GOOGLE when they went public. The IPO for Facebook as I read earlier would be close to almost $10 billion in initial capitalization and I think they should really capitalize on that point because their trying to make more money,” Marshall said.

There is much anticipation surrounding Facebook and what they plan to do in the near future. At the reported price, Facebook’s IPO would be the biggest ever in U.S. internet company.