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New Value Of Facebook After IPO

Posted By Str82u on Wednesday 30 May 2012
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Facebook is now worth about $112 Billion making it more valuable than many large brick and mortar companies in America. When asked about the found fortune and the effects of becoming a publicly traded company, the head of the billion dollar giant had this to say to the world. Right now this all seems like a big deal. Going public is an important milestone in our history. But here's the thing, our mission isn't to be a public company. Our mission is to make the world more open and connected, Zuckerberg said. In the past eight years, all of you out there have built the largest community in the history of the world. You done amazing things that we never would have dreamed of and I can't wait to see what you guys all do going forward.

User's can take comfort in the fact that the buzz this week at Facebook's headquarters was to "Keep Hacking" with posters to that effect found around their campus and an all night "Hack-a-thon" to create new functions and features for the public website. This could also be due in part to the fact that about 1000 employees with stock options will have become instant millionaires and Mark Zuckerberg merely wanted to get the last bit of creative work out of them that he could before they cashed in and hit the road.

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