business news in context, analysis with attitude

by Kevin Coupe

The Wall Street Journal reports that Facebook “filed for an initial public offering Wednesday that could value the social network between $75 billion and $100 billion, putting the company on track for one of the biggest U.S. stock-market debuts of all time. The company hopes to raise as much as $10 billion when it begins selling shares this spring, said people familiar with the matter.”

The story notes that “in just eight years, Facebook has become the world's social bazaar, where friends gossip, play games and swap 250 million photos per day. It has also emerged as a potent political tool, helping to topple regimes across the Middle East last year.”

This story makes me go back to a story on MNB from just a couple of weeks ago, saying that Facebook is expected to hit 1 billion users sometime this summer, possibly in August 2012.

I noted then, and would repeat, that potentially, they - we - are all connected.

That facility may not be worth $100 billion.

That facility, in fact, may be priceless.
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