facebook

ENCINO, Calif. (Press Release – Feb. 8, 2012) – Eight hundred million Facebook users can’t be wrong, but they appear to be an increasingly cautious lot.

Indeed, while users of popular social media sites are generally comfortable with the sites and visit them regularly, they also have serious reservations about privacy and security on the social web – recent efforts by site operators to address those concerns notwithstanding.

Sheryl Sandberg, Facebook’s No. 2 executive, considers herself a role model for women. But her call isn’t simply about mentoring and empowering, it’s also a business strategy.

Here is a recap of the top news items from this week on Wall Street: 1. The Facebook IPO was an obvious #1 on the top ten....... until Friday's blowout jobs report. 243,000 payrolls were added in the nonfarm sector, 257,000 were added in the private sector and, in the manufacturing sector, about 50,000 jobs were added.

Economists were expecting a nonfarm reading of 140,000 additions, private additions of 160,000 and manufacturing adds of just 12,000.

The unemployment rate fell nicely from 8.5 percent in December to 8.3 percent in January.

The social network filed to sell shares on the stock market in what is on track to be the largest Internet initial public offering ever, potentially valuing it as high as $100 billion.

This means no more "leaks" of Facebook's revenue numbers to spike its valuation in secondary markets. No more banal and vague conversations about how Facebook is "killing it" at San Francisco bars.

The company that changed how politicians raise money, dissidents start revolutions and parents keep tabs on their kids announced its stock ticker symbol Wednesday.

To pick a ticker symbol, a company has to ask the Nasdaq, the New York Stock Exchange or another exchange for permission to use it.

Facebook is going public, and comparisons to Google's 2004 IPO are inevitable. However, market conditions are drastically different.

The social network’s stock offering, expected to value the company at $80 billion to $100 billion, is bound to raise even more concerns about privacy and other issues.

Numerous reports have indicated that Facebook would file its IPO papers on Wednesday. The Wall Street Journal broke the news last week.

Facebook looks set to file papers for its public stock offering by as soon next Wednesday, CNBC reported Friday.