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Tuesday, 4 January 2011

Facebook Worth $50bn

An interesting article from The Guardian:

http://www.guardian.co.uk/technology/2011/jan/03/facebook-value-50bn-goldman-sachs-investment

What is particularly interesting is why Facebook had decided to remain a Private Limited Company rather than become an PLC and what it means when they have over 500 shareholders in US law. When Google had over 500 sharholders they would have had to publish their accounts, to they decided to 'go public' and become a PLC. Clearly, companies like Facebook value their privacy- which is why they remain an Ltd. for as long as possible.

Also very interesting to see how much the 26 year old Mr. Zuckerberg is worth!

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