Facebook, Inc. disclosed in a regulatory filing that it has filed for an initial public offering of up to $5 billion of its Class A common stock. The company intends to apply to list its Class A common stock under the symbol "FB", but it did not disclose in which exchange it plans to list.
Mark Zuckerberg, its founder, Chairman, and CEO, will also be offering shares in this initial public offering. The company had revenue of $3.71 billion in 2011, compared to $1.974 billion in 2010. The company had 845 million monthly active users as of December 31, 2011, an increase of 39% from 608 million monthly active users as of December 31, 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.