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Facebook’s market debut draws criticism from lawmakers

Publié par Clifford Armion le 18/05/2012

Hayley Tsukayama

Facebook, the social network that began eight years ago in a Harvard dorm room, will debut Friday on the stock markets having raised $16 billion, making it the third largest initial public offering in U.S. history.

With massive press coverage and financial pundits sharply divided over whether the stock is a good buy, Facebook will initially trade at $38 per share under the symbol “FB.” At that price, the company’s value is $104 billion, larger than corporate stalwarts such as Walt Disney or McDonald’s.

With that much money at stake, Facebook’s market debut has been the buzz not only of Wall Street bankers and Silicon Valley investors, but also Washington policymakers concerned about what the firm is paying in taxes.
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"Facebook’s market debut draws criticism from lawmakers", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), mai 2012. Consulté le 06/05/2021. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/facebook-s-market-debut-draws-criticism-from-lawmakers