From a Wall Street Journal story in today's edition:
Inching closer to an initial public offering, Facebook is now targeting a time frame of April to June 2012, said people familiar with the matter.
The social network is exploring raising $10 billion in its IPO -- what would be one of the largest offerings ever -- in a deal that might assign the company a $100 billion valuation, a number greater than twice that of such stalwarts as Hewlett-Packard and 3M Co. (Gannett is valued at $2.5 billion.)
But Facebook could be heading for a nervous market. The most recent IPO, an $805 million float of discount-deal service Groupon on Nov. 3, has plummeted 42% in stock price in the past five trading days after surging in its first day of trading.
Groupon's investor retreat comes as GCI expands its DealChicken coupon site to 50 U.S. markets.
Inching closer to an initial public offering, Facebook is now targeting a time frame of April to June 2012, said people familiar with the matter.
Groupon's investor retreat comes as GCI expands its DealChicken coupon site to 50 U.S. markets.
Apples and Oranges Jim. C'mon.... Putting Deal Chicken and Groupon in Facebooks league is ridiculous. For one thing. Facebook has a sustainable business model.
ReplyDeleteFacebook does not necessarily have a sustainable model. Zuckerberg should not be so greedy and keep it private.
ReplyDeleteGroupon, LinkedIn and the puny,too late and a dollar short DealChicken are not sustainable.
Facebook people actually like. Groupon quickly turns into junk mail if you don't un-subscribe.
ReplyDeleteDeal Chicken has no future. None. Zero. Zip. Zilch. Nada.
But, but, but what about the Omaha Steaks deal?
ReplyDelete