3Qs: Figuring out Facebook's financials
Following much anticipation, Facebook filed for an initial public offering (IPO) after U.S. markets closed on Wednesday. Reports have speculated that the social media giants offering pending approval from the Securities and Exchange Commission (SEC) could top rival Google Inc.s 2004 IPO, which holds the record for the largest U.S. Internet IPO, raising $1.9 billion at a valuation of $23 billion. Northeastern University news office asked David Sherman, professor of accounting in the College of Business Administration, to analyze Facebooks IPO prospectus and explain what it reveals. ...
Source: PhysOrg - Monday, 6 February
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