Wednesday 1 February 2012

Facebook issue has investors a-twitter - The National

Global markets - not to mention social media networks - are buzzing with talk of Facebook's upcoming initial public offering (IPO).

A share sale could value the world's largest social network site at as much as US$100 billion (Dh367.32bn), according to press reports.

Facebook is reportedly looking to raise up to $10bn in the sale, which it plans to use to fight off competition from the likes of Google. The US search engine giant - one of Facebook's key rivals - last June launched a competing product called Google+.

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