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Facebook's Road Trip to IPO
Bangalore: Facebook, the largest social-networking site which started from a Harvard room and entered Silicon Valley in just eight years has filed the initial public offering (IPO on Wednesday. Facebook is going to have a market cap of around $75bn to $100bn. This will make this young firm the next big tech IPO after Google. Only a handful of companies worldwide have debuted on the public market with total market capitalization of $70 billion or more, according to the Dealogic research firm.
Let’s have a road trip in Facebook’s path to know more about what happened in these eight years and what made this tech company’s journey so exciting.
2004: The Journey Begins
Harvard University gets the sophomore in the name of ‘TheFacebook’ by Mark Zuckerberg in February 2004. This was the humble beginning which now defines the whole new era of worldwide connectivity over internet. They had little money but had lots of hot ideas and goals. By September they expanded to other colleges and universities, shifted the headquarters to Palo Alto and introduced the Wall, which allows users to write personal musings and other crumbs on profile pages.
