Why does Facebook need another $5 billion dollars? How is this 800 million subscriber service plan to grow the company?
The largest online social social network in the world wants to be a publicly traded company and sell shares on the stock market. This business plan was conceived inside Harvard University dorms about eight years ago, is on track to be the largest Internet initial public offering ever — trumping Google’s in 2004 or Netscape’s nearly a decade before that.
Inside observers say Facebook's long-term plan is becoming larger than many American companies.
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