Facebook Worth $116.6 BillionPosted: May 18, 2012
Yes, you heard right. Facebook is worth over $100 billion, and the crazy thing is, they did it in eight years!
Facebook’s recent IPO debut, which showed the public these staggering numbers, also revealed the fact that Mark Zuckerburg, the 28-year-old CEO of the company, is worth $21 billion himself, making him #29 on the list of the world’s wealthiest people.
Facebook shares, which amount to over 400 million at this time, started trading under the symbol ‘FB’ last Friday for $42 a share. This raised in itself $17.7 billion for the company.
I don’t really have a point here other than to say that it’s just stunning how an eight-year-old company, which is truly still in its infancy, generates this type of worth in such a short amount of time. Facebook will, in my opinion, continue to be a force in the long list of (rapidly growing) internet companies.