The most famous social networking sites facebook is now going to be a fully public Company with the sale of $5 billion sale to the public.Facebook submitted all necessary document to all companies controller institute Security and Exchange Commission.One correspondent told that facebook want to take $5 billion by selling shares to public. While the analysts said that it is half as the facebook is expecting it can be increase.
This will be the one of most big sale of shares an Internet company in the world. Facebook was started by Mark Zuckerburg student of Haward University and his one companion in 2004 and soon after this it become one of most famous social networking site in the world.
Information given by the facebook to Security Exchange Commission was so important and before this no one know about this information.According to this information monthly user of facebook is 8405 millions and the daily user is 443 millions.According to facebook information creator of facebook Mark zuckerburg is the owner of 28.4 percent of facebook.
Facebook correspondent told that in 2011 its income or profit increase up to 65% and the income generated from ads by facebook increased up to 5 percent and profit up to 4 percent since last two years. In share market total cost of facebook is $180 billion which is equal to Amazon and MacDonald.After becoming the public company face book will receive $5 billion which is record and it will cross the Google also.According to analysts that amount will be increased as facebook is expecting from public.
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