6. Facebook goes public
Now you can buy a piece of the social media empire that is Facebook.
The social networking site has just gone public on the Nasdaq with an IPO (initial public offering) of $38. That means anyone can purchase a share of the company for that price. At that price, the company is already worth $104 billion, according to CNET.com.
Before the opening bell it was reported that Facebook had raised $16 billion by selling about 421.1 million shares.
Before Facebook creator Mark Zuckerberg opened the day’s trading in Menlo Park a crowd filled the area to celebrate the site’s IPO.
