why is facebook going public?

[etilit]

ill tell u...becouse they know its not gona be around in a few yrs..so they want to cash in there chips and take you money and run

its like playing any game...when you see the end..take the money and run..fast!!!!!!!

 

[tonka]

Good for them. They created something and got rich. Facebook is expecting a substantial exodus of people who will use their new fortunes to start more companies.

 

[brmstn69]

Money...:duh:

 

[hammervice]

its the best business move to make at this time...


That darn SEC rule
The key reason Facebook is going public is because of an antiquated Securities and Exchange Commission rule from 1964 that says that any private company with more than 500 "shareholders of record" must adhere to the same financial disclosure requirements that public companies do. That means filing detailed quarterly and yearly financial reports, and dealing with all the scrutiny that comes with a powerful company opening its books. So why not make the money !!!

there going to get billions and its just bits and bites hmmmm....

 

[Thommy_gun]

oooooh wow good to know

 

[jeansGuyOZ]

ill tell u...becouse they know its not gona be around in a few yrs..so they want to cash in there chips and take you money and run

its like playing any game...when you see the end..take the money and run..fast!!!!!!!

Half right. They see they can make a lot of money now, so they are doing so, irrespective of whether it will be around in a few years' time.

It could wither away... or it could be another Microsoft, whose shares have been split 8 times, or is it 16, I forget.

 

[etilit]

ok sorry but i have to laugh my ass off for a min hahahahahahahahahahaha

within like 6hrs they went public and then got hit with a 15 billion doller law suit

it makes me wonder what GM knew? and why so many ppl trust there money with idiots?

havent we learned anything in the past yrs?

whats funny also..is that so few at facebook prob cashed in yet

can anyone say FCC investigation?? lol