Facebook founder Mark Zuckerberg has announced that his popular company is for sale to the public. The price per share of the Initial Public Offering (IPO) has not been revealed but Facebook is expected to be valued at 76 billion euros.
As such, Zuckerberg will be worth 21B euros and will become the 4th-richest man in the USA at 27 years old.
I sense that the reason why Facebook goes public is to safeguard the interest of the investors and the public in general just in case the Intellectual Property Rights will soon invade Networking Sites like Facebook. Since the company will be owned by many small investors, it will take time before the US government or any government in the world sues Facebook for IP violations
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