Facebook announces IPO, what does it mean for Apple?

iMore
By Simon SageMay 17, 2012, 4:21 pm170 pts
Facebook has officially announced their initial public offering on the stock market with ticker symbol FB on the NASDAQ. The starting price will be $38 each of the 421,233,615 common shares, which makes their initial valuation $104 billion -- an awful lot considering they had $3.7 billion in revenue last year.…

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