UPDATE 5/18/12: Facebook shares open at $42.05, an 11% increase from the company’s $38 IPO price.
Fans of Facebook need to brace themselves as the initial offering goes full-blown on Friday. They are priced at $38 a share, and have already raised $16 billion. This makes it the third-largest IPO and the largest for a U.S. technology company in U.S. history, which is no surprise.
It is likely that once the shareholder’s settle in, big changes could happen to Facebook. Investor’s are typically more interested in the return on their investment, rather than consumer’s “feelings”. If we were to look a year into the future, charging for the currently free service and/or more advertising is almost guaranteed (no matter what they say now).
Once a company goes public, the intensity to make money seems to significantly increase. It would be a good idea to reach out to your friends now, before it costs you to chat! (just a thought and not confirmed:)
Facebook co-founder and CEO Mark Zuckerberg is going from mega rich…to insanely rich! He rang the New York-based NASDAQ’s opening bell today….probably thinking CHING CHING!