Did Facebook mistime its IPO? Profit and revenue fall on seasonal ad slide

Facebook is king of the social networks, but when it comes to its business model, it looks a lot like a traditional media company. 15 percent of its revenue comes from games like Zynga, but the rest is advertising, purchased in large part by the same blue chip brands who shop at Conde Nast or the New York Times.

zuck-ipo

Facebook picks Nasdaq for IPO

In preparation for its upcoming IPO, Facebook has chosen to list its shares on the Nasdaq stock exchange under the symbol “FB,” according to the New York Times.

Buying IPO stock? Might as well forget about rich returns

The past two years have seen a marked rebound in the number of venture-backed technology companies that are going public. After the depths of the “great recession” in 2009, it’s quite a relief for venture capitalists and those who invest in their funds.