Facebook - Boom..buzz..bzzt..But a great takeoff? Absolutely no question about that!

posted May 18, 2012, 8:09 PM by Bruce P. D'Sena   [ updated May 18, 2012, 8:56 PM ]
Facebook sold 421.2 million shares and raised $16 billion - giving the company a $104.2 billion market value with it's IPO, officially making it the largest company to go public in the U.S. 

Skepticism abounds though, despite the buzz around one of the most anticipated IPOs. After an initial jump Facebook (originally priced at $38 and opened at $43) again pulled back to $38 on Friday, to gain a mere 23 cents a share.

Their post IPO mobility strategy also has it's share of supporters and skeptics, but we're optimistic for Facebook. After all, for a company that's come this far with such a great service, and such a phenomenal success with it's IPO launch - we find it impossible not to be. 

Congratulations Facebook, on a job well done!!

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