Facebook files for its multi-billion dollar IPO

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Facebook put an end to all speculation and filed for an IPO with the Securities and Exchange Commission. The company will be traded publicly under the ticker symbol FB.  The documents didn’t disclose how much it plans to raise from the IPO, but analysts predict the company could make at least $5 to $10 billion.

So what does this mean for mobile users worldwide? It means Facebook will continue to invest mobile now that it has a fresh infusion of cash. It may or may not translate into a Facebook phone, but it will definitely mean the mobile apps will get more attention as mobile begin to compete with desktop as Facebook’s primary platform. If they don’t build new tools in-house, the company could go on a buying spree and scoop up some up and coming mobile technology companies. Facebook, hopefully, will innovate like Path and Instagram and give their users even better tools to share from lives using their mobile device.

[SEC; image from Shutterstock]

 

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