Arab Today, arab today facebook ipo to bring cash and change
Last Updated : GMT 00:26:33
Arab Today, arab today
Arab Today, arab today

Facebook IPO to bring cash and change

Arab Today, arab today

Arab Today, arab today Facebook IPO to bring cash and change

California - Arabstoday

Facebook makes its hotly anticipated stock market debut this week in a history-making move promising wealth for insiders and change for users of the online social network. Hot interest in Facebook stock reportedly prompted the company to bump the opening price range to $34 to $38 for its shares, which would value the firm at between $93 billion and $104 billion. The Menlo Park, California-company will nail down the initial public offering (IPO) share price before it begins trading as a public company. The IPO is expected to happen Friday although the timetable has not been confirmed. Facebook watchers said users of the social network should expect changes — though not overnight. “The only reason a company goes public is to raise cash to expand,” said Creative Strategies principal analyst Tim Bajarin. “So, the general public at least knows the IPO means Facebook will be able to do more things. “Facebook is not extremely specific on what they will do with the money; they say they want to be creative, expand, and do new things.” Facebook will keep the lion’s share of the potentially $14.7 billion raised by selling stock. The rest of the cash is to stuff pockets of company founders and investors including rock star Bono. Mark Zuckerberg, who founded Facebook eight years ago from his Harvard dorm room, will retain 57.3 percent of the voting power of the shares and the IPO was structured to allow him to retain a firm grip on the company. “He really wants to create an open social network,” Bajarin said of Zuckerberg, who turned 28 on Monday. “One that allows Facebook to get more aggressive in the way they connect and provide services to people.” Some analysts predicted Facebook’s stock price will jump quickly to $44 a share and climb much higher in the long term. At the heart of the debate about the wisdom of owning a piece of Facebook is how much revenue it takes in. Revenue vaulted to $1.06 billion in the quarter which ended March 31 — an improvement year-over-year, but down about six percent from the previous quarter. Eighty-five percent of the total came from ad sales. As one analyst noted, however, Facebook only bills a scant half-percent of the $600 billion spent each year on all kinds of advertising — even though at least one of every seven minutes spent online around the world is at Facebook. There is wide margin for improvement, seeing as Facebook has more than 900 million users and membership is expanding. The leading social network is unabashedly working to follow members onto smartphones and tablet computers, and the IPO windfall would provide plenty of cash to partner with a hardware maker on a long-rumored “Facebook phone.” Morningstar analysts concluded that optimism regarding Facebook’s prospects was warranted and considered its popularity on mobile devices “impressive.” “Although the company has not actively developed its mobile advertising capabilities, we expect a substantial bulk of mobile advertising dollars to flow to Facebook within the next couple of years,” Morningstar said. Recent Facebook moves have included letting people store digital files in the Internet “cloud” and allowing Microsoft to weave social network feedback into results of Bing-powered searches. “We’ve rarely seen a company borrow from its competition as quickly or as well as Facebook,” Forrester analysts Nate Elliott and Melissa Parrish said in a blog post on Monday. “And that focus on better serving end users has seen Facebook grow quickly over the years, even in the face of consistent privacy concerns. “But as good as Facebook has been at evolving to serve consumers, that’s how bad it’s been at serving marketers.” Facebook has “lurched” from one advertising model to another during the past five years, according to the analysts. A report over the weekend indicated that Facebook was dabbling with a scheme where advertisers would pay to promote posts at the service in a manner similar to a Twitter model of charging to give “tweets” high profiles. “We wish we could predict this IPO would serve as a new beginning for Facebook’s marketing offering, and that a new focus on becoming a grown-up business would inspire the company to put even half the energy into serving advertisers that it does into serving users,” Elliott and Parrish said. “But we doubt Zuckerberg’s going to wake up any day soon having acquired a taste for advertising, or even a proper understanding of it.” Still, there will be no shortage of people snapping up Facebook shares. Even Apple co-founder Steve Wozniak has gone public saying he plans to invest.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today facebook ipo to bring cash and change Arab Today, arab today facebook ipo to bring cash and change

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today facebook ipo to bring cash and change Arab Today, arab today facebook ipo to bring cash and change

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Egypt tourism revival steady but slow

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 21:57 2017 Sunday ,17 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday