Facebook Stock Going Public? 118
zmaragdus writes "Facebook Inc. converted its existing stock holdings into different classes of stocks (Class A and Class B) designed to give certain shareholders more power than others. This has been typically done in an IPO of a company's stock to give important people (company founders, for instance) more clout in the actions of the company when stock is first offered to the public. While Facebook maintains that it does not plan to offer stock publicly in the near future, this restructuring is one of the critical steps in doing so."
Re:hmm (Score:1, Informative)
Facebook cleared a profit recently (September) and have a huge user base, I don't see it disappearing anytime soon.
Re:hmm (Score:3, Informative)
Make no mistake about it, Facebook is very vulnerable. All it needs is someone with the brains and business model to exploit those vulnerabilities, and it's finished. Facebook may be a smart short-term play, but holding their stock for the long term would be a disaster.