Feeds

Facebook value hits $100bn, to go public in Q1 2012

Waiting for the burp... bitch

Eight steps to building an HP BladeSystem

Facebook's valuation grew even larger yesterday, after a CNBC report suggested that share-watchers on Wall Street expected to see the company's planned IPO pop the $100bn mark.

CNBC reckoned the dominant social network could take Facebook public in the first quarter of 2012, with an S-1 filing that might land as soon as October 2011.

That's hardly surprising given that Facebook went on record earlier this year to say that it would seek an initial public offering (IPO) no later than the end of April next year.

Meanwhile CNBC, whose reporter has been hanging out in Silicon Valley, claimed the company's valuation was on track to be "north of a shocking $100bn".

The entire deal hinges on the fact that Facebook expects to pass the magic 500 private shareholder threshold that requires a US company to go public, by the end of this year.

Under the so-called "500 investor rule", the social network would be forced to start filing financial reports with the US Securities Exchange Commission. Facebook may get in ahead of that requirement by making its public intentions known in the autumn.

As for the valuation spurts, Facebook was said to be worth $23bn in June 2010, nearly as much as UK retail monster Tesco at $50bn in January this year, and was then plumped up to a $60bn golden goose in February.

Slapping at least another $40bn on Zuck's empire is ludicrous, surely? ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Bose says today IS F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.