FACEBOOK’S TURN: In outlining plans to raise $5 billion in an initial public offering of stock, Facebook did what it long encouraged its users to do: Share information.
WAITING FOR THIS DAY: Prospective investors, curious competitors and nosy reporters have been awaiting these details. Although the filing is filled with boilerplate legalese and mind-numbing numbers, there were some juicy details.
HIGHLIGHTS: The documents confirmed that Facebook is very profitable and getting stronger. Facebook also shared some of its biggest worries in the filing, including Google’s ability to use its dominance in Internet search to promote its Google Plus social network.