Facebook headed for record valuation

Social-networking giant set to unveil IPO that will see it acquire market value of $100bn.

    The social-networking website Facebook is set to offer its shares for sale on Wall Street in what what could be a record valuation.

    In just eight years, Facebook went from being an obscure site for the most elite US universities to cultural ubiquity, with over 900 million global users communicating in over 70 languages.

    Al Jazeera's Rob Reynolds reports from Menlo Park, California.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Death from above: Every Saudi coalition air raid on Yemen

    Death from above: Every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    How different voting systems work around the world

    How different voting systems work around the world

    Nearly two billion voters in 52 countries around the world will head to the polls this year to elect their leaders.