Facebook's Initial Public Offering is happening in just two and a half weeks time, according to a Wall Street journal report on Tuesday. According to the usual anonymous sources who are familiar with the matter, the Journal says Facebook will begin its IPO roadshow on Monday May 7.
That's when companies traditionally make rounds of mutual funds, large banks and other major investors looking for multi million dollar stakes. The name of the IPO roadshow game is to explain why the stock will be such a good buy.
Facebook CEO and founder Mark Zuckerberg will only be present for some of the roadshows, say the sources; COO Sheryl Sandberg will handle the rest, along with CFO David Ebersman.
After the roadshow, it will set for Friday May 18, where the IPO should shift $10 billion worth of Facebook stock leaving the social network with an overall valuation of $100 billion. Zuckerberg is poised to be one of the world's richest man after that.
Kevin Systrom will definitely be watching the IPO closely. Much of the $1 billion deal for Instagram was for Facebook stock, and we're guessing he's going to make more than $400 million from the deal. Instant billionaire.
The Verge invited Bill Gates to talk about some of the predictions he has on technology and how it will dramatic change our lives in the next 15 years. They picked a couple of interesting topics to talk about. Check out the video below: Read more
If Elon Musk's idea becomes a reality, travel is going to get really interesting and very fast. His Hyperloop idea was taken on by Hyperloop Transportation Technologies, a crowdfunded company that is gearing up to launch a test track as soon as next year. Read more
What color is this dress? This image is going around the Internet right now and some people are seeing white and gold, or black and blue. So which is it? According to Photoshop's eyedropper tool, it's both! Read more