Facebook files for US$ 5 billion IPO

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Facebook has filed for an IPO of US$ 5 billion. The whole process is expected to make many Facebook employees millionaires.

In his letter to the SEC, Mark Zuckerberg states that Facebook was not created to be a company, but to serve the “social mission” of making the world more open and connected and that they hope to strengthen how people relate to each other.

Facebook has more than 800 million active users and caters to 2.7 billion likes & comments every day. It is also the most popular photo sharing site on the web with 250 million photos uploaded everyday.

The full text of Zuckerberg’s letter can be found here & other artifacts can be found here.

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