Facebook IPO to spark valley economy
SAN FRANCISCO: As it prepares for one of the biggest IPOs ever, Facebook is coming under the same fierce attacks being waged against other big technology companies: patent lawsuits. Last year, Facebook was named as a defendant in 22 lawsuits accusing
31 (Bloomberg) — Facebook Inc.'s Sheryl Sandberg recently threw a fundraiser for President Obama, dining with Lady Gaga and the president himself. Last week, she was a highly visible co-chair of the World Economic Forum in Davos, Switzerland.
The general IPO time-frame has already been widely reported. The most interesting part of this latest news, if you're not a banker, is the relatively low amount that Facebook is seeking. Previous reports had put it seeking up
31 (Bloomberg) — Facebook Inc.'s Sheryl Sandberg recently threw a fundraiser for President Obama, dining with Lady Gaga and the president himself. Last week, she was a highly visible co-chair of the World Economic Forum in Davos, Switzerland.
The Facebook IPO "is a continuation of this little mini-surge we're having right now" in the valley's economy, said Stephen Levy, director of the Center for Continuing Study of the California Economy. Unlike the dot.com boom and bust, Levy said,
