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Facebook Considers $100B Valuation

  • First Posted: Nov 29 2011 09:14 AM
  • Updated: about 2 hours ago

Mark Zuckerberg moves one step closer to become Dr. Evil-esque supervillain.

How much is Facebook worth to you? If you're Mark Zuckerberg, that number's somewhere around $100 billion, as the social-networking behemoth is looking to go public soon with what could be the biggest initial public offering for a tech company in U.S. history. Once public, Facebook is hoping to generate an initial $10 billion, which would make the value of the company around $100 billion. That's double what Facebook was valued at in January of this year. While plans to go public have yet to be confirmed, there are reports suggesting Facebook could file for an IPO as soon as next month to cash in on a market that's still willing to pay exorbitant amounts for social networking sites. Earlier this year, stock prices for LinkedIn doubled within their first day of being made public, pumping up the valuation of the site from $3 billion to $9 billion almost overnight.

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