Facebook IPO and what it means to dental websites
Facebook filed for an IPO on Wednesday, February 1, 2012, which then kicks off the roadshow process and subsequently the launch of one of the most anticipated IPOs (Initial Public Offerings) in the history of public stock markets. A few numbers that show the relevance of Facebook as a profitable company and internet powerhouse:
- Revenue for 2011 is $3.71 billion, about twice the 2010 number and about five times the 2009 number
- Net Income for 2011 is published at $1 billion, compared to $606 million for 2010 and $229 in 2009
- Estimates attribute Facebook (ticker symbol FB) a valuation of $100 billion and plans to sell shares to the public in an estimated range from $5 billion to $10 billion
Those numbers surprise most dentists and should convince every dentist that Facebook is much much more than just a playground for children.
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