The Wall Street Journal on Facebook’s amendment to their S-1 that they filed yesterday:
Facebook Inc. pulled back the curtain on how much it thinks it is worth, targeting a valuation as rich as $96 billion in what would be a record debut for an American company. [...]
Currently, the largest valuation for a U.S. company at the time of an IPO was United Parcel Service, in 1999, at $60.2 billion, according to Dealogic.
Long-time readers of this site know that I have never had an interest in Facebook. I’m not anti-Facebook, I just don’t personally have any desire to have a Facebook profile. Mostly because I see it as being just another time sink. But, as Facebook inches towards going public, I’m getting more and more interested in the network as a company.