Facebook's Road Trip to IPO
2011: Adds More Value
Facebook introduced Timeline, a new version of the profile page. The company allowed independent auditors to review its privacy practices for two years. It also agreed to get approval from users before changing how the company handles their data. The company becomes the third most valuable company in U.S. and becomes $56 billion worth. It moves into the Silicon Valley premier vanity address: Menlo Park, Calif, 1 Hacker Way.
2012: Decides to Go Public
Facebook starts making Timeline mandatory. Company files for its first public offering of stock with a market cap of around $75bn to $100bn as the company becomes confident due to the massive cash investment of $500 million by Goldman Sachs and Digital Sky Technologies. Till now this much, more excitements and innovations waits, hopefully!