Facebook valued at $95 billion

Share this article:

Facebook's fifth amendment to its IPO filing on May 3 revealed the company would be selling 180 million shares of Class A common stock between $28 to $35 per share, a range that values the company at around $95 billion. The company has set its IPO for May 18.

In the document, Facebook says it currently has 901 million active users who generate 3.2 billion "likes" and comments every day. Those users form 125 billion Facebook friendships.

The company also states that it had 526 million daily active users in March 2012, compared with 372 million in March 2011 — a 41 % increase.

In recent months, Facebook has launched several apps intended for businesses, including Pages, which are designed to help companies brand themselves and engage fans on the social networking site. In April, Facebook also announced it would acquire photo-sharing social network Instagram for $1 billion.

Facebook could not be immediately reached for comment.

Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

Hallmark Takes Baby Steps to a New Brand

Hallmark Takes Baby Steps to a New Brand

The company relied on digital to get its growing children's apparel brand off of the ground.

One Third of Americans' Social Media Time Is Spent on Facebook

One Third of Americans' Social Media Time Is ...

Pandora, meanwhile, attracts more user time but far fewer digital advertisng dollars, says a study.

News Corp. Chief Brands Google an 'Unaccountable Bureaucracy'

News Corp. Chief Brands Google an 'Unaccountable Bureaucracy'

Robert Thomson warns the EU that an antitrust deal with Google will lead to a decrease in competitive options for marketers and an increase in piracy.