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News >> Technology >>
Facebook's Road Trip to IPO
By siliconindia
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Thursday, 02 February 2012, 22:03 IST
2007: A Firm Handshake with Microsoft
Facebook launches Platform, which allowed outside programmers to develop tools for sharing photos, taking quizzes and playing games. This made the entry of game maker like Zynga Inc. into the game. Microsoft invested $240 million for 1.6% stake in the company and made the bond stronger.
2008: No IPO for this Year
Facebook snatched Google’s high-profile executive Sheryl Sandberg as chief operating officer and made its operations more vibrant. Facebook Chat was introduced in April 2008. There were rumors that the company will file for IPO this year, but Mark Zuckerberg said a big NO for now.
