[url=http://www.washingtonpost.com/business/technology/facebooks-phenomenal-rise/2011/09/14/gIQARu90iK_gallery.html]View Photo Gallery — In seven years, the social networking site has grown from a project hatched in a college dorm to the largest social networking site in the world, well on its way to hitting its goal of having 1 billion users.Sarah Halzack, Wednesday, March 21, 8:38 AMThe Washington Post
Facebook’s initial public offering
is one of the most anticipated events on Wall Street this year. As Kayla Tausche from CNBC reports
, a meeting Monday may have gotten the ball rolling on the social network’s trading debut.
Tausche reports that a gathering at the company’s headquarters was “run-of-the-mill” in many ways, but she notes one key difference: Usually, a firm will hold two separate engagements, one for research analysts and one for the bankers underwriting the IPO. Facebook, however, rolled these events into one by inviting both groups to Menlo Park, Calif.. Tausche reports that despite the unique set-up, the analysts and the bankers weren’t allowed to talk to one other for legal reasons.[/url]
[url=http://www.washingtonpost.com/business/economy/mark-zuckerberg-kicks-off-the-era-of-the-young-ceo/2012/02/07/gIQAGPBxVR_gallery.html] The Facebook CEO is expected to become the youngest CEO of a Fortune 1000 company when his company goes public later this year. Here are some other powerful CEOs under 45.
[url=http://www.washingtonpost.com/business/economy/inside-facebooks-calif-digs/2012/01/31/gIQA1k35fQ_gallery.html] It’s been a little more than a month since the social networking giant finished moving into its new headquarters in Menlo Park, Calif. On the 57-acre campus, employees can be found checking their e-mail while running on treadmills or talking on cellphones in telephone booths. Of course, they’re working, too.
What types of questions might analysts have put to Facebook execs during the meeting? Tausche says that they likely asked whether the Securities and Exchange Commission raised any red flags based on the company’s prospectus filing. She reports that the SEC wants a “more detailed breakdown of their revenue stream” and more information on how the company determined the size of its user base.
At least one key Facebook executive may have skipped the meeting, according to the Wall Street Journal
. Their report says that chief executive Mark Zuckerberg didn’t attend. The company’s chief financial officer reportedly explained that Zuckerberg “preferred to focus his time on developing the service.”
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