Facebook reports 901 million monthly active users

The social media Company “Facebook” now reports 901 million monthly active users, 300 million photos uploaded per day and 125 billion friendships. Facebook has updated these details in its S-1 filing with the Securities and Exchange Commission (SEC). This S-1 filing also shows that 488 million people access Facebook via mobile products. Previously, Facebook reported … Continue reading “Facebook reports 901 million monthly active users”

Facebook Adds Citi, Credit Suisse on IPO

Facebook may have hired three more banks to work on its initial public offering (IPO): Deutsche Bank, Credit Suisse Group, and Citigroup. In February 2011, Facebook set up a $1.5 billion credit agreement with five of the six leading underwriters Morgan Stanley, JPMorgan Chase & Co, Goldman Sachs, Bank of America Merrill Lynch and Barclays … Continue reading “Facebook Adds Citi, Credit Suisse on IPO”

Facebook is getting ready for IPO filing

Facebook Inc., the world’s largest social-networking service could file papers for its initial public offering as early as next week, that could raise as much as $10 billion and value the company at $75 billion to $100 billion according to The Wall Street Journal report. The WSJ report says Facebook is close to hiring Morgan … Continue reading “Facebook is getting ready for IPO filing”

Facebook IPO reportedly due late May

Facebook is expected to make its long-awaited initial public offering (IPO) in the third week of May, according to US reports. If FaceBook plan to go public in May,must file its IPO documents within the next month, given that the review by the Securities and Exchange Commission usually takes about three to four months. It … Continue reading “Facebook IPO reportedly due late May”