Business & Tech
Facebook Going Public
On Wednesday Facebook officially filed an initial public offering (IPO).
Soon you may be able to buy stock in Facebook. The social media giant officially filed an initial public offering (IPO) on Wednesday, Feb. 1, according to PC Mag.
The S-1 form filed with the Securities and Exchange Commission showed that the company has been profitable for the past three years. It also revealed that in December 2011 Facebook had more than 425 million monthly active users.
As far as that stock is concerned - the company said it would begin the sale of stock to the public "as soon as practicable."
Find out what's happening in Cummingfor free with the latest updates from Patch.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
