As the world's largest social network prepares for
its initial public offering on May 18, the company is
letting investors and users know where it plans to go
in the future.
As the world's largest social network prepares for
its initial public offering on May 18, the company is
letting investors and users know where it plans to go in
the future.
Facebook recently released a video explaining to
potential investors that the company considers mobile to
be a key area of growth for the social network, Bloomberg
reports. The video was posted online to preview some of
Chief Operating Officer Sheryl Sandberg's comments on
the "investor road show."
Sandberg will be meeting with Facebook's top
underwriters for the IPO, including Morgan Stanley,
JPMorgan Chase and Goldman Sachs Group, the news source
writes. The company considers mobile to be part of its
plan to make slow, additional investments to spur user
engagement.
The company's recent acquisition of mobile startup
Instagram for $1 billion may demonstrate its serious
intentions toward the technology, especially as the
company has been criticized in the past for being too
web-focused.
However, until then, the company's top focus is on
its IPO, which could be valued at nearly $75 billion, CNN
reports.
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