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Message: <blockquote data-quote="lkdood" data-source="post: 11989893" data-attributes="member: 92282"><img src="http://i.imgur.com/BGjIE.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" />Facebook Inc. filed for an initial public offering Wednesday that  could value the social network between $75 billion and $100 billion,  putting the company on track for one of the biggest U.S. stock-market  debuts of all time. The company hopes to raise as much as $10 billion when it begins  selling shares this spring, said people familiar with the matter.  Potential buyers got their first look at its financials Wednesday, which  showed the company produced a $1 billion profit last year from $3.71  billion in revenues. The company derives 85% of those revenues from  advertising, with the rest from social gaming and other fees.In just eight years, Facebook has become the world's social bazaar,  where friends gossip, play games and swap 250 million photos per day. It  has also emerged as a potent political tool, helping to topple regimes  across the Middle East last year.The company chose "FB" as its ticker symbol but hasn't decided  whether it will trade on the New York Stock Exchange or Nasdaq Stock  Market.Facebook's founder & CEO, 27-year-old Mark Zuckerberg had been famously reluctant to push forward with an  IPO. In early 2010, he told The Wall Street Journal that he was in "no  rush" for Facebook to go public.The CEO owns around 28% of the company and holds 57% of its voting  share power, according to the filing. Mr. Zuckerberg will sell shares in  the IPO and will use the proceeds to pay taxes, it said. The filing  doesn't say how many shares the CEO intends to sell.WSJ</blockquote>

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