FACEBOOK IPOs, or initial public offerings of stock, filed papers this afternoon to raise at least $5 billion and begin to sell stock this spring.
The filing was made online with the Securities and Exchange Commission in Washington. If all goes as planned, it will likely take until May for Facebook stock to begin trading on a stock exchange.
"There is a huge need and a huge opportunity to get everyone in the world connected, to give everyone a voice and to help transform society for the future," said Mark Zuckerberg, Facebook's CEO, in a letter that accompanied the filing. "The scale of the technology and infrastructure that must be built is unprecedented, and we believe this is the most important problem we can focus on.
"We hope to strengthen how people relate to each other," he said.
Zuckerberg, now 27, famously started Facebook when he was a student at Harvard University in 2004. Today, it has more than 800 million active users, and Zuckerberg said they have made more than 100 billion connections with each other.
Facebook, along the way, has made a lot of money. It revealed in today's filing that in 2011 it had profits of $1 billion on sales of $3.7 billion.
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"It is a major sign of maturation" for Facebook to go public, said Lawrence Summers, the former secretary of the Treasury who was president of Harvard when Zuckerberg began Facebook. "It means more cash flow, it means even more visibility, it means even more responsibility to shareholders, but also to the broader society.

"It is both a recognition of what has been accomplished, and it points to the fact that Mark Zuckerberg has done a remarkable thing in building a global institution in a very short time," said Summers.
Several major investment banks are involved in the IPO, with Morgan Stanley in the lead role. Goldman Sachs, Bank of America, Merrill Lynch, Barclays Capital and JP Morgan are also included.
Analysts said that this offering will change the Internet sector, creating what will be one of the world's most valuable Internet companies.
"Will Facebook's IPO be the biggest IPO in American history? Probably not," said David Kirkpatrick, author of "The Facebook Effect." "But it will certainly be, by far, the biggest Internet or technology IPO we've ever seen."
Others warned that Facebook may not be a surefire winner for small investors looking to make some quick money. Certainly, Facebook has been profitable, but it has already made a great deal of money as a private company. It has more than 800 million active users -- up 45 percent in 2011 -- but growth in the United States and other Western countries has already begun to slow. Most of its recent growth in membership has been in countries such as Brazil and India.
Why go public now, anyway? Since Facebook already has more than 500 investors, it is required to make certain financial information public anyway under SEC regulations. The deadline to file this information expires in April.
Zuckerberg reportedly decided to go public once it became clear that the company had become too big to keep its finances private. By going public, Facebook loses some of its mystery and cool, having to declare profits and losses and answer to shareholders every quarter. But the company will have access to new cash and can use the value of its stock to acquire other companies and to reward its employees.
Many of Facebook's 3,000 employees could now become Silicon Valley millionaires. Zuckerberg is already said to be the world's youngest self-made billionaire. The SEC filing showed that he asked to reduce his salary to $1 per year starting next Jan. 1.
"We believe that we have an opportunity to have an important impact on the world and build a lasting company in the process," he wrote in his letter today.

THE SUCCESS STORY

TODAY THE BLOG IS ABOUT THE BILLIONAIRE IN INDIA BUT HE IS NOT AN INTERNET BILLIONAIRE .BUT HE IS THE GREAT  ENTREPRENEUR IN THOSE DAYS HE IS NONE OTHER THAN SHRI .DHIRUBHAI AMBANI WHO IS THE FOUNDER OF RELIANCE.

Dhirubhai Ambani Biography Born: December 28, 1932 Died: July 6, 2002 Achievements: Dhiru Bhai Ambani built India's largest private sector company. Created an equity cult in the Indian capital market. Reliance is the first Indian company to feature in Forbes 500 list Dhirubhai Ambani was the most enterprising Indian entrepreneur. His life journey is reminiscent of the rags to riches story. He is remembered as the one who rewrote Indian corporate history and built a truly global corporate group. Dhirubhai Ambani alias Dhirajlal Hirachand Ambani was born on December 28, 1932, at Chorwad, Gujarat, into a Modh family. His father was a school teacher. Dhirubhai Ambani started his entrepreneurial career by selling "bhajias" to pilgrims in Mount Girnar over the weekends. After doing his matriculation at the age of 16, Dhirubhai moved to Aden, Yemen. He worked there as a gas-station attendant, and as a clerk in an oil company. He returned to India in 1958 with Rs 50,000 and set up a textile trading company. Assisted by his two sons, Mukesh and Anil, Dhiru Bhai Ambani built India's largest private sector company, Reliance India Limited, from a scratch. Over time his business has diversified into a core specialisation in petrochemicals with additional interests in telecommunications, information technology, energy, power, retail, textiles, infrastructure services, capital markets, and logistics. Dhirubhai Ambani is credited with shaping India's equity culture, attracting millions of retail investors in a market till then dominated by financial institutions. Dhirubhai revolutionised capital markets. From nothing, he generated billions of rupees in wealth for those who put their trust in his companies. His efforts helped create an 'equity cult' in the Indian capital market. With innovative instruments like the convertible debenture, Reliance quickly became a favorite of the stock market in the 1980s. In 1992, Reliance became the first Indian company to raise money in global markets, its high credit-taking in international markets limited only by India's sovereign rating. Reliance also became the first Indian company to feature in Forbes 500 list. Dhirubhai Ambani was named the Indian Entrepreneur of the 20th Century by the Federation of Indian Chambers of Commerce and Industry (FICCI). A poll conducted by The Times of India in 2000 voted him "greatest creator of wealth in the century". Dhirubhai Ambani died on July 6, 2002, at Mumbai.   FOLLOW HIS WORDS  YOU WILL BE THE GREAT SUCCESSOR IN YOUR LIFE  THIS IS NOT FOR INDIANS ALONE FOR ALL. DHIRUBHAI AMBANI WIKIPEDIA

MARK ZUCKERBERG was born on May 14, 1984, in Dobbs Ferry, New York, Mark Zuckerberg co-founded the social-networking website Facebook out of his college dorm room. He left Harvard after his sophomore year to concentrate on the site, the user base of which has grown to over 250 million people, making Zuckerberg a billionaire. The birth of Facebook was recently portrayed in the film The Social Network.
Mark Elliot Zuckerberg was born on May 14, 1984, in Dobbs Ferry, New York, into a comfortable, well-educated family. His father, Edward Zuckerberg, ran a dental practice attached to the family's home. His mother, Karen, worked as a psychiatrist before the birth of the couple's four children—Mark, Randi, Donna and Arielle.
Zuckerberg developed an interest in computers at an early age; when he was about 12, he used Atari BASIC to create a messaging program he named "Zucknet." His father used the program in his dental office, so that the receptionist could inform him of a new patient without yelling across the room. The family also used Zucknet to communicate within the house. Together with his friends, he also created computer games just for fun. "I had a bunch of friends who were artists," he said. "They'd come over, draw stuff, and I'd build a game out of it."
To keep up with Mark's burgeoning interest in computers, his parents hired private computer tutor David Newman to come to the house once a week and work with Mark. Newman later told reporters that it was hard to stay ahead of the prodigy, who began taking graduate courses at nearby Mercy College around this same time.

Zuckerberg later studied at Phillips Exeter Academy, an exclusive preparatory school in New Hampshire. There he showed talent in fencing, becoming the captain of the school's team. He also excelled in literature, earning a diploma in classics. Yet Zuckerberg remained fascinated by computers, and continued to work on developing new programs. While still in high school, he created an early version of the music software Pandora, which he called Synapse. Several companies—including AOL and Microsoft—expressed an interest in buying the software, and hiring the teenager before graduation. He declined the offers.

Understanding people is not a waste of time.

– Mark Zuckerberg

Time at Harvard

After graduating from Exeter in 2002, Zuckerberg enrolled at Harvard University. By his sophomore year at the ivy league institution, he had developed a reputation as the go-to software developer on campus. It was at that time that he built a program called CourseMatch, which helped students choose their classes based on the course selections of other users. He also invented Facemash, which compared the pictures of two students on campus and allowed users to vote on which one was more attractive. The program became wildly popular, but was later shut down by the school administration after it was deemed inappropriate.
Based on the buzz of his previous projects, three of his fellow students—Divya Narendra, and twins Cameron and Tyler Winklevoss—sought him out to work on an idea for a social networking site they called Harvard Connection. This site was designed to use information from Harvard's student networks in order to create a dating site for the Harvard elite. Zuckerberg agreed to help with the project, but soon dropped out to work on his own social networking site with friends Dustin Moskovitz, Chris Hughes and Eduardo Saverin..    zuckerberg and his friends created a site that allowed users to create their own profiles, upload photos, and communicate with other users. The group ran the site—first called The Facebook—out of a dorm room at Harvard until June 2004. After his sophomore year, Zuckerberg dropped out of college to devote himself to Facebook full time, moving the company to Palo Alto, California. By the end of 2004, Facebook had 1 million users.

The Rise of Facebook

In 2005, Zuckerberg's enterprise received a huge boost from the venture capital firm Accel Partners. Accel invested $12.7 million into the network, which at the time was open only to ivy league students. Zuckerberg's company then granted access to other colleges, high school and international schools, pushing the site's membership to more than 5.5 million users by December 2005. The site then began attracting the interest of other companies, who wanted to advertize with the popular social hub. Not wanting to sell out, Zuckerberg turned down offers from companies such as Yahoo! and MTV Networks. Instead, he focused on expanding the site, opening up his project to outside developers and adding more features.
Zuckerberg seemed to be going nowhere but up, however in 2006, the business mogul faced his first big hurdle. The creators of Harvard Connection claimed that Zuckerberg stole their idea, and insisted the software developer needed to pay for their business losses. Zuckerberg maintained that the ideas were based on two very different types of social networks but, after lawyers searched Zuckerberg's records, incriminating Instant Messages revealed that Zuckerberg may have intentionally stolen the intellectual property of Harvard Connection and offered Facebook users' private information to his friends.
Zuckerberg later apologized for the incriminating messages, saying he regretted them. "If you're going to go on to build a service that is influential and that a lot of people rely on, then you need to be mature, right?" he said in an interview with The New Yorker. "I think I've grown and learned a lot."
Although an initial settlement of $65 million was reached between the two parties, the legal dispute over the matter continued well into 2011, after Narendra and the Winklevosses claimed they were misled in regards to the value of their stock
 

Zuckerberg faced yet another personal challenge when the 2009 book The Accidental Billionaires, by writer Ben Mezrich, hit stores. Mezrich was heavily criticized for his re-telling of Zuckerberg's story, which used invented scenes, re-imagined dialogue and fictional characters. Regardless of how true-to-life the story was, Mezrich managed to sell the rights of the tale to screenwriter Aaron Sorkin, and the critically acclaimed film The Social Network received eight Academy Award nominations.
Zuckerberg objected strongly to the film's narrative, and later told a reporter at The New Yorker that many of the details in the film were inaccurate. For example, Zuckerberg has been dating longtime girlfriend
 Prev Priscilla Chan, a Chinese-American medical student he met at Harvard, since 2003. He also said he never had interest in joining any of the final clubs. "It's interesting what stuff they focused on getting right; like, every single shirt and fleece that I had in that movie is actually a shirt or fleece that I own," Zuckerberg told a reporter at a start-up conference in 2010. "So there's all this stuff that they got wrong and a bunch of random details that they got right."

Yet Zuckerberg and Facebook continued to succeed, in spite of the criticism. Time magazine named him Person of the Year in 2010, and Vanity Fair placed him at the top of their New Establishment list. Forbes also ranked Zuckerberg at No. 35—beating out Apple CEO Steve Jobs—o
their Forbes 400 list, estimating his net worth to be $6.9 billion.

Philanthropic Causes

Since amassing his sizeable fortune, Zuckerberg has used his millions to fund a variety of philanthropic causes. The most notable examples came in 2010. In September of that year, he donated $100 million to save the failing Newark Public Schools system in New Jersey. Then, in December 2010, Zuckerberg signed the "Giving Pledge", promising to donate at least 50 percent of his wealth to charity over the course of his lifetime. Other Giving Pledge members include Bill Gates, Warren Buffett and George Lucas. After his donation, Zuckerberg called on other young, wealthy entrepreneurs to follow suit. "With a generation of younger folks who have thrived on the success of their companies, there is a big opportunity for many of us to give back earlier in our lifetime and see the impact of our philanthropic efforts," he said.

Personal Life

Zuckerberg lives in Palo Alto, California, with Chan. In March 2011, the couple finally changed their statuses on Facebook to "In a Relationship."

social network flim

MOVIE OF MARK ZUCKERBERG

NOW A DAYS INTERNET IS VERY FAMOUS THAT EVERY ONE OF THEM IS APPROCHING IT FOR ANY THING THEY WANT IF THEY WANT TO BUY ANYTHING THEY WANT,FOR ENTERTAINMENT .......ETC,SO START YOUR BUSINESS WITH INTERNET THAT WILL BE OPEN TO ALL .THERE IS THE QUOTE SAID BY BILLGATES THAT

"The Internet is becoming the town square for the global village of tomorrow."

BECOME A BILLIONAIRES

THE SOCIAL NETWORK

 

 NOW A PEOPLE ARE PREFERING ON SOCIAL NETWORKING SITES.SO THERE IS 

THE FEAUTURE FOR SOCIAL NETWORKING SITE SO I AM NOW CREATING A SOCIAL NETWORKING SITE NAMED AS OPENGAZE IF U WANT TO BECOME A PATNER IN THAT YOU CAN ALSO JOIN WITH ME IT WILL COST LITTLE AMOUNT ONLY YOU CAN EMAIL ME AT ROCKY VICKY.VICKY9@GMAIL.COM .BY HEARING THE WORDS OF BILLGATES I DECIDED TO START IT HE SAID THAT IF YOUR BUSINESS IS IN THE INTERNET YOU WILL BE THE SUCESSOR IN THIS  WORLD.THERE ARE MANY FEAUTURES IN MY SOCIAL NETWORK THAT I AM CREATING

• APPS
• MUSICS
• VIDEOS
• ADS
• BLOGS
• MEMBERS PROFILE
• CHAT
• MARKET PLACE
• MOBILES
• SHOUT BOX
• POLLS
• PHOTOS
• GAMES....ETC,

SO IF YOU WANT TO JOIN IT IS ALWAYS OPEN FOR YOU.THERE IS A BRIGHT FEAUTURE FOR YOU...BE READY ALWAYS.