Economics

Status update: Facebook to go public

The Internet social network is going public in a stock offering that could value it at up to $100 billion, eight years after its computer-hacking CEO Mark Zuckerberg started the service at Harvard.

14.03.2012

(AP) Facebook is friending Wall Street: The Internet social network is going public in a stock offering that could value it at up to $100 billion, eight years after its computer-hacking CEO Mark Zuckerberg started the service at Harvard.

The much-anticipated status update means anyone with some cash will be able to own part of a Silicon Valley icon that quickly transformed from dorm-room startup to cultural touchstone.