
The big FB goes public today, making a lot of people very happy and few people very very rich, including one Eduardo Saverin – who will probably be barred from ever entering the US –EVER AGAIN!
However, that’s a story for another day, today Facebook is the hottest bit of tech news you can get your hands on, the last time an IPO this exciting occurred it was for a search engine named Google. Google IPO-ed at around $80, today it shares hover between $550 - $650. Just saying.
So it’s really awe inspiring to look at the numbers, 845 million active users (just slightly smaller than India) 2.7 Billion likes/comments everday, 250 million photos every single day and 100 Billion friendship. You my dear readers could own a small –make that VERY small- part of the company for the $38 share price tag people are talking about.
So how does the $38 price tag for Facebook Shares compare to Malaysian companies?A quick calculation puts Facebooks market cap at USD100 Billion, or roughly RM300 Billion. Malaysia doesn’t have a RM300 Billion dollar company (or at least one that is public listed), so in order to give you an idea of the magnitude of Facebook, I had to combine a few Malaysian companies to reach Rm300 Billion. With the Rm300 Billion Facebook is worth, you could buy outright:







