Facebook's Road Trip to IPO
By siliconindia
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Thursday, 02 February 2012, 22:04 IST
2009: ‘Like’ the Investments
Facebook introduced the ‘Like’ button and outshined Myspace as the leading online social network in the U.S. The company added more investments into its pocket as it signed a $200 million investment and gave 1.96% of the company to Russian Digital Sky. With this investment Facebook’s value become $10 billion.
2010: The Wait and Rumors for IPO
Facebook launched its location feature and Zuckerberg said there is ‘no rush’ for IPO and that the company doesn’t need money now. The movie “The Social Network” which told the story of Facebook got three Academy Awards.