Back in July, Mark Zuckerberg, founder of Facebook, announced that Facebook had reached a new milestone, 500 million active users of its platform.
It announced the launch of Facebook Stories and, as I covered off recently, the launch of Facebook Places.
There is no doubt that Facebook is making large leaps forward, turning cashflow positive for the first time in September 2009.
So with all these users – and now a positive cashflow position – investors speculate when will the IPO happen?
Facebook insists there’s no imminent public offering. But that won’t stop people from wanting to know – What is Facebook really worth?
Shares of Facebook already trade on two private exchanges, where a small market exists for investing in venture-backed companies but because trades aren’t made public, it’s hard to know the true value.
Bloomberg says they’re valued at $24.9 billion while others says its higher than $33 billion, pushing the value Facebook higher than eBay and Yahoo!
Regardless of its capitalisation, and how realistic or otherwise you think that it is, there is certainly investors scrambling to get a piece of the action prior to any IPO, expected to be the biggest technology IPO since Google in 2004.
Read more in the Financial Times.
